The EURJPY suffers the stability of the moving average – Analysis – 14-9-2020
Economies.com
2020-09-14 05:25AM UTC
Despite the EURJPY pair’s consolidation below the key resistance 126.25, it is forming temporary sideways fluctuation affected by the moving average 55 form to additional support at 125.40.
The above chart shows stochastic attempt to crawl towards the oversold areas, to increase the chances of gathering the negative momentum to manage to break the moving average 55 and start recording the negative targets by moving towards 124.12 and 123.40 in the near term and medium term basis.
The expected trading range for today is between 126.00 and 124.80
The expected trend for today: Bearish
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