The EURJPY records the target – Analysis – 23-6-2020
Economies.com
2020-06-23 05:10AM UTC
The EURJPY pair surrendered to the strength of 119.30 support line yesterday, to notice forming bullish waves and record the previously suggested positive target at 120.60, while trades might extend towards 121.40 now, while that won’t affect the main bearish track due to the price stability below the main bearish channel’s resistance at 121.70.
Therefore, we are waiting to end the correctional bullish rebound to start suggesting the bearish trades to attempt to reach 119.05, while breaking it will allow the price to record new negative targets by moving towards 118.20.
The expected trading range for today is between 121.40 and 120.00
The expected trend for today: Bearish
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