EUR / JPY is strongly influenced by the moving average - analysis - 23-11-2017
Even though the pair provided several negative closures below the stable resistance at 132.30, but forming the SMA 55 for initial support around 130.85 is a strong barrier to resuming the negative attack. We expect the pair to provide additional sideways trading until it consolidates a new negative trend, thus breaking the current obstacle. And then be drawn towards the main negative target around 129.80.
The trading range for today is expected between 132.30 and 130.85
The expected general treeved
Even though the pair provided several negative closures below the stable resistance at 132.30, but forming the SMA 55 for initial support around 130.85 is a strong barrier to resuming the negative attack. We expect the pair to provide additional sideways trading until it consolidates a new negative trend, thus breaking the current obstacle. And then be drawn towards the main negative target around 129.80.
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