The EURJPY resists stochastic negativity – Analysis – 6-6-2023
Economies.com
2023-06-06 04:53AM UTC
The EURJPY pair continued to form weak trades, attempting to face stochastic negativity by settling above the minor bullish channel’s support line at 149.20, while the price needs to gather new positive momentum to manage to activate the bullish track and start recording the positive targets near 150.50 followed by 151.60.
On the other hand, surrendering to the negative pressures by crawling below the current support will force it to postpone the bullish attempts and suffer many losses by declining towards 148.40 and 147.90 levels.
The expected trading range for today is between 149.30 and 150.50
The expected trend for today: Bullish
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