The EURJPY is weak – Analysis – 12-11-2021
Economies.com
2021-11-12 07:39AM UTC
The EURJPY pair confirmed its surrender to the domination of the correctional bearish bias by fluctuating below 131.60 barrier, to notice suffering clear losses recently by reaching 130.42, while the current sideways fluctuation is caused by stochastic move above 50 level, to expect reaching 130.90 level before recording any new negative target.
Therefore, we will keep waiting to gather the additional negative momentum to confirm the continuation of the negativity and managed to break 130.45 level followed by reaching 129.90 direct.
The expected trading range for today is between 131.00 and 130.00
The expected trend for today: Bearish
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