Forex

The EURJPY achieves the negative targets – Analysis – 22-10-2020

2020-10-22 05:32:32 GMT (Economies.com)

The EURJPY pair surrendered to the stability of 125.00 barrier yesterday, to notice forming negative rebound and recording the temporary negative targets by reaching 123.90.

 

We expect forming mixed trades in the upcoming period, due to the price move between strong levels represented by 125.00 resistance and 123.25 support, thus, we recommend staying neutral and wait to surpass one of the mentioned levels to manage to detect the next main trend.

 

The expected trading range for today is between 125.05 and 123.30

 

The expected trend for today: Neutral

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