The EURJPY loses the negative momentum – Analysis – 9-11-2020
Economies.com
2020-11-09 06:17AM UTC
Despite the EURJPY pair’s consolidation within the main bearish channel, facing strong positive pressures now might activate the correctional bullish track before reaching any new negative target, as settling above the moving average 55 at 123.00 will increase the chances of moving towards 123.43, while surpassing it might extend trades towards the main resistance at 123.90.
Regaining the bearish bias needs negative close below 122.40 to activate the negative attempts that might target 121.60 and 121.10 levels.
The expected trading range for today is between 122.75 and 123.90
The expected trend for today: Bullish temporarily
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