The EURJPY gathers new negative momentum – Analysis – 22-11-2019
Economies.com
2019-11-22 10:04AM UTC
The EURJPY pair kept its negative stability within the bearish channel by depending on the strength of 120.70 resistance to notice providing clear negative pressure on the moving average 55 at 120.00.
Also, stochastic decline below 50 level increases the chances of gathering the negative momentum to manage to break the current obstacle to start recording the negative targets by reaching 119.10 level.
The expected trading range for today is between 120.40 and 119.10
The expected trend for today: Bearish
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