The EURJPY looks for the negative momentum – Analysis – 29-09-2020

Economies.com
2020-09-29 05:26AM UTC

The EURJPY pair lost the negative momentum yesterday affected by stochastic rally to the overbought level, to confirm delaying the negative attack temporarily until testing the barrier at 123.40.

 

we should confirm that the stability of the mentioned barrier is important to avoid any losses that might be caused by forming a bullish correctional rebound, then wait for reach the targets at 122.30 and 120.85.

 

The expected trading range for today is between 123.40 and 122.50

 

The expected trend for today: Bearish

 

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