The EURJPY moves towards the moving average – Analysis – 20-2-2020
Economies.com
2020-02-20 07:37AM UTC
The EURJPY pair surrendered to the strength of 118.45 support line, besides facing strong positive pressures, which pushed the price to form bullish rebound and approaches the moving average 55.
The upcoming scenario depends on the strength of the moving average 55, as continuing to fluctuate above allows us to suggest the negative trades again, waiting to target 119.50 followed by 118.40 levels.
The expected trading range for today is between 120.55 and 119.50
The expected trend for today: Bearish
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