The EURJPY has to decline – Analysis – 20-9-2019
Economies.com
2019-09-20 07:06AM UTC
No escape to the EURJPY pair from resuming the negative trades, due to the frequent closings below 120.05 barrier, while the moving average 55 crawling and approaching the current barrier will increase the negative pressures to push the price to form new negative attack and target 118.45 followed by 117.75 levels.
In addition, stochastic decline below 50 level increases the chances of gathering the negative momentum to force the price to form the waited negative attack and start recording the mentioned targets.
The expected trading range for today is between 120.00 and 118.45
The expected trend for today: Bearish
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