The EURJPY hits the target – Analysis – 16-11-2021
Economies.com
2021-11-16 06:17AM UTC
The EURJPY pair formed strong negative wave yesterday to react with the negativity of the major indicators, to notice surpassing the target at 129.90, which confirms surrendering to the domination of the bearish bias to expect forming new negative trades that might push it to reach 129.40, while breaking it will push the price test the key support 128.85.
Note that stochastic attempt to exit the oversold areas might force the price to form temporary sideways fluctuation with chances of bouncing towards 130.30 before achieving the suggested negative target.
The expected trading range for today is between 130.30 and 129.40
The expected trend for today: Bearish
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