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The EURJPY provides sideways trades – Analysis – 23-2-2023
The EURJPY pair failed to surpass 144.10 to force it to postpone the bullish attack and provide temporary sideways fluctuation near 143.20, noting that stochastic continues to provide the negative momentum to force the price to provide some correctional bearish rebound and target 142.50 followed by reaching the moving average 55 at 141.90.
These factors allow us to suggest the negative fluctuation unless breaching the mentioned barrier, which forms the door to resume the bullish attack, reminding you that the additional positive stations are located near 144.65 and 145.25.
The expected trading range for today is between 143.80 and 142.50
The expected trend for today: Bearish temporarily
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