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The EURJPY returns to the bearish track – Analysis – 11-3-2020
The EURJPY pair provided new negative signal yesterday by crawling below 118.50 level, to confirm its preparation to regain the bearish bias to increase the chances of targeting 117.35 followed by reaching the key support 116.00.
The risks of changing the main trend appear after rallying positively above 120.30 to surpass the moving average 55 to increase the chances for forming strong bullish trades in the upcoming period.
The expected trading range for today is between 119.00 and 117.35
The expected trend for today: Bearish
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