Overview
Holding of 115.10 levels decelerates the awaited negative attempts. The stability of the price below the 117.00 barrier supports the negativity continuation. The EURJPY pair will repeat its negative attempts until surpassing the previous obstacle and reaching the next negative target at 113.00. A decline in the SMA 55 below the bearish channel resistance reinforces the negative pressure, thus confirming that negativity affects the price dynamic. We expect the price to achieve the previously suggested targets. The expected trading range for today is between 117.00 and 113.00.
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