The EURJPY repeats the positive closings – Analysis – 16-11-2020
Economies.com
2020-11-16 06:24AM UTC
The EURJPY pair repeated providing positive closes by its stability above the support at 123.65, to increase the chances for renewing the bullish attempts by targeting 124.40 and 125.40, while facing new negative attempts and reaching below the current support will return it to the bearish track, to increase the chances for suffering big losses that might extend to 122.90 and 122.20, therefore, monitoring the price behavior when gathering the positive momentum and begin forming bullish waves is important in the current period.
The expected trading range for today is between 123.65 and 124.90
The expected trend for today: Bullish
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