The EURJPY needs to confirm the break – Analysis – 27-3-2023
Economies.com
2023-03-27 05:52AM UTC
The EURJPY pair declined below 140.25 support line recently, to touch some negative targets by reaching 139.10 level, to rebound upwards towards 140.90, hinting postponing the decline again and surrender to the domination of the sideways bias domination.
These factors allow us to monitor the price behavior and wait to gather the additional negative momentum to manage to confirm providing negative close below the mentioned support followed by waiting to target the negative stations by crawling towards 139.40 followed by reaching the additional support at 138.20.
The expected trading range for today is between 141.00 and 139.40
The expected trend for today: Bearish
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