The EURJPY is confined within sideways track – Analysis – 25-11-2022
2 months ago

The EURJPY pair repeated its fluctuation within the temporary sideways track represented by 143.80 support and 145.65 resistance, also, the contradiction between the major indicators confirms surrendering to the domination of the sideways bias, which allows us to stay neutral and wait to surpass one of the mentioned levels.


Note that resuming the bullish rally requires getting positive close above 145.65 to ease the mission of achieving the positive stations at 146.20 and 147.10, while crawling below the current support and getting negative close will force it to form correctional bearish wave to suffer some losses and crawl towards 142.70 followed by reaching the bullish channel’s support line at 141.90.


The expected trading range for today is between 144.00 and 145.65


The expected trend for today: Neutral

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