The EURJPY is slow – Analysis – 2-6-2023
Economies.com
2023-06-02 07:45AM UTC
Despite the major indicators that provide positive momentum, we notice that the EURJPY pair is showing slow trades recently by moving near 149.60, while we will keep our bullish overview in case the MA50 continued to form the additional support by settling near 149.00, reminding you that the positive target of the near term and medium term period are located near 150.50 followed by 151.50.
On the other hand, facing strong negative pressures and crawling below the mentioned support will force it to form strong bearish waves to suffer many losses that might start at 148.10 and 147.40.
The expected trading range for today is between 149.30 and 150.50
The expected trend for today: Bullish
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