The EURJPY provides new negative close – Analysis – 16-5-2022
Economies.com
2022-05-16 04:55AM UTC
The EURJPY pair repeated providing negative closes below 134.85 level, to keep decelerating the attempts of renewing the bullish attack, which announces its surrender to the correctional bias domination until this moment by reaching 133.70.
Stochastic attempt to reach the oversold level will force the price to form a new negative attack, which allows it to reach 133.05 then wait for hitting the next main target at 132.50.
The expected trading range for today is between 134.85 and 133.05
The expected trend for today: Bearish
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