The EURJPY reinforces the negative track– Analysis – 28-1-2020
Economies.com
2020-01-28 08:01AM UTC
The EURJPY pair reinforced the bearish bias domination by providing a negative close below 38.2% Fibonacci correction level at 120.30, to increase the chances for resuming the bearish attack until reaching the main targets at 119.40 and 118.60.
the stability of the moving average 55 above the current trading confirms the price confinement within the negative range, besides stochastic fluctuation within the oversold level will increase the chances for gathering the negative momentum to reach towards the suggested targets.
The expected trading range for today is between 120.30 and 119.40
The expected trend for today: Bearish
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