The EURJPY is forced for the correctional decline – Analysis – 20-11-2023
2023-11-20 05:49AM UTC

The EURJPY pair formed correctional bearish rebound recently by crawling below 163.25 level, to touch the additional support at 162.10 and hold above it as appears on the chart.


Stochastic attempt to provide the positive momentum will confirm keeping the main bullish track caused by the main stability within the bullish channel, to expect renewing the pressure on 163.50, while surpassing it will push the price to form strong bullish waves to target 163.90 followed by reaching the bullish channel’s resistance at 164.65.


The expected trading range for today is between 162.30 and 163.50


The expected trend for today: Bullish

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