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The EURJPY keeps the negativity – Analysis – 12-3-2020
The EURJPY pair kept its negative stability by providing a new negative close below 118.50 level, to notice reaching to the initial main target at 117.35, gathering a new negative momentum makes us expect begin forming a new bearish attack, to press on 115.80 support, note that breaking this obstacle will open the way towards recording more of the negative targets that begin at 114.80.
note that the risk of changing the negative trend is represented by the trading rally to the upside above 120.30 level, to surpass the moving average 55, to increase the chances for forming strong bullish trading in the upcoming period.
The expected trading range for today is between 118.00 and 115.80
The expected trend for today: Bearish
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