The EURJPY repeats the negative closings – Analysis – 29-1-2020
Economies.com
2020-01-29 07:46AM UTC
The EURJPY pair provided new negative close yesterday below 38.2% Fibonacci correction level at 120.30, to keep its previously suggested bearish track.
Also, the moving average 55 fluctuation around the main resistance 120.90 confirms blocking the price within the bearish range to increase the chances of gathering new negative momentum to ease the mission of targeting the negative levels at 119.40 and 118.60.
The expected trading range for today is between 120.30 and 119.40
The expected trend for today: Bearish
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