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The EURJPY postpones the bullish rally – Analysis – 24-1-2024
The EURJPY pair hinted postponing the bullish attack after failing to breach 161.80 barrier to notice crawling below the minor bullish channel’s support line at 161.00, forming clear negative attack by approaching 160.35.
The frequent stability below the mentioned barrier and stochastic attempt to provide the negative momentum will increase the efficiency of the correctional bearish track for the near-term and medium-term period, to expect suffering additional losses by moving towards 160.05 followed by reaching the next support line at 159.55, which forms the key to detect the next trend.
The expected trading range for today is between 161.20 and 160.05
The expected trend for today: Bearish
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