The EURJPY tends to test the main support – Analysis – 23-1-2020
Economies.com
2020-01-23 07:30AM UTC
The EURJPY pair formed new negative wave yesterday affected by stochastic negativity, to increase the chances of testing the bullish channel’s support line at 121.25.
The bullish scenario depends on the strength of the current support line to increase the chances of gathering new positive momentum to start attacking the bullish attack and reach the first target at 123.10, while the continuous negative pressure and crawling below this support would confirm moving to the negative track again, to suffer many losses that start at 120.80 followed by 120.30.
The expected trading range for today is between 121.25 and 122.15
The expected trend for today: Bullish
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