The EURJPY surrenders to the indicators’ contradiction – Analysis – 17-8-2022
Economies.com
2022-08-17 06:47AM UTC
The EURJPY pair failed to record any new negative target to notice its move towards 136.70 level, affected by the moving average 55 positivity that consolidates near the main bullish channel’s support line, while stochastic repeats its fluctuation near 20 level.
We remind you that the main stability below 137.55 will increase the chances of forming new negative trades, to expect suffering clear losses that might extend towards 134.40 followed by attempting to press on the additional support 133.60.
The expected trading range for today is between 137.00 and 134.40
The expected trend for today: Bearish
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