The EURJPY is waiting for the negative momentum– Analysis – 24-09-2020

The EURJPY pair forced to form a temporary sideways fluctuation by its stability near 122.85 level, due to its neediness to the negative momentum in yesterday’s trading, reminding you that the stability of the initial barrier at 123.40 is important to confirm the trading confinement within the bearish track, to ease the mission of reaching the main negative station that begin at 122.30 and 120.85.

stochastic attempt to reach below 50 level will increase the chances for gathering negative momentum, to reinforce the bearish suggestion and begin achieving the suggested targets.

The expected trading range for today is between 123.40 and 122.30

The expected trend for today: Bearish