The EURJPY needs to confirm the break – Analysis – 17-3-2023

Economies.com
2023-03-17 07:10AM UTC

The EURJPY pair repeated the fluctuation below the additional support at 140.25, while these attempts failed due to its correctional rebound towards 141.50, to hint postponing the negative attack for now.

 

On the other hand, attempting to hold below 142.90 barrier in addition to stochastic consolidation below 50 level support the continuation of the negativity, waiting to renew the negative attempt to attempt to confirm the required break and reach the additional stations that start at 139.00 and 138.20.

 

The expected trading range for today is between 141.90 and 140.25

 

The expected trend for today: Bearish

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