The EURJPY surrenders to the negative pressures – Analysis – 9-11-2021

Economies.com
2021-11-09 07:54AM UTC

The EURJPY pair faced new negative pressures, which pushed it to form negative wave to fluctuate below the additional support at 130.85 to record 130.65.

 

The main stability below 131.60 and stochastic attempt to provide the negative momentum by approaching 20 level, while these factors support the continuation of the negativity to expect moving towards 130.45 followed by 129.90.

 

The expected trading range for today is between 131.40 and 130.45

 

The expected trend for today: Bearish

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