The EURJPY receives the negative momentum – Analysis – 9-12-2022
Economies.com
2022-12-09 09:26AM UTC
The EURJPY pair began to receive the negative momentum by stochastic reach to 50 level, which forces it to provide new negative closes below the bearish channel’s resistance at 144.75.
Noticing the continuation of providing negative pressures on the obstacle at 143.80, achieving the break makes us expect forming strong bearish waves, to wait for reaching 142.70, then extend the trading towards the next target at 142.10.
The expected trading range for today is between 144.10 and 142.70
The expected trend for today: Bearish
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