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Tuesday, 20 October 2020

EURJPY jumped since the beginning of this week. Is the trend being neutralized? 20-Oct-2020

EURJPY has surged since the market opening on Monday, which currently stays around 124.59. Reviewed our forecast as of last Friday, it could say that the realized trend has been consistent with the forecast.

Today's Trend and Momentum indicates there is still a room of EURJPY going up while the A.I.'s review tells that the trend will be more neutralized.

EURJPY Trend and Momentum as of 20-Oct-2020

[A.I.'s review]
Range forecast: 124.23 (-0.31%)  -  125.08 (+0.37%) , for next 24 hours.
Confidence: 73.6%.

The chance of Downside swing is a little more likely than Upside in next 24 hours. It will turn slightly Upside by this Friday's morning.

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