The EURJPY looks for the negative momentum – Analysis – 15-09-2020
Economies.com
2020-09-15 05:26AM UTC
There is no change on the EURJPY pair’s bearish track by providing repeated negative closes below the resistance at 126.30, the intraday sideways trading is caused by the neediness of the negative momentum, besides forming an extra obstacle by the moving average 55 stability at 125.45.
we should wait for providing a negative close below the moving average 55, to increase the chances for gaining extra negative momentum, then wait for reaching the main stations that are represented by 124.12 and 123.40 level.
The expected trading range for today is between 121.55 and 123.25
The expected trend for today: Bullish
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