The EURJPY prepares to decline – Analysis – 27-3-2019
Economies.com
2019-03-27 07:44AM UTC
The EURJPY pair continued to provide sideways trades recently, while getting the negative momentum by moving near 80 level besides the stability of the moving average 55 above the current trades increases the chances of forming the waited negative attack.
We remind you that it is important to hold below the initial resistance at 125.05 to decrease the chances of surrendering to the correctional bullish attempts and wait to move towards the first target at 123.50, while breaking it will allow the price to reach the next target at 122.00.
The expected trading range for today is between 125.05 and 123.50
The expected trend for today: Bearish
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