Forex

The EURJPY prepares for new decline – Analysis – 18-9-2020

2020-09-18 08:07:42 GMT (Economies.com)

The EURJPY pair formed temporary correctional bullish rebound to increase the chances of gathering the negative momentum and settle below 124.40 level, while stochastic reach to the overbought areas confirms getting rid of the positive pressures, to provide the price the chance of gathering the additional negative momentum.

 

Therefore, we will keep our bearish overview to expect renewing the negative pressures on 123.30 level, while breaking it might extend trades towards 122.70 and 122.25.

 

The expected trading range for today is between 124.40 and 122.75

 

The expected trend for today: Bearish

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