EURJPY affected by the indicators’ negativity – Analysis – 24-7-2018

Despite the EURJPY pair’s stability above the breached resistance of the bearish channel, which forms new support at 128.70, getting negative pressures by the major indicators forces the price to repeat the correctional bearish fluctuation and record 129.80 level.

Also, 131.00 level continues to form barrier against regaining the bullish bias to allow us to keep our bearish overview for the near term and medium term trading, reminding you that the correctional targets begin at 129.45 and extend to the above mentioned support.

Expected trading range for today is between 131.00 and 129.45

Expected trend for today: Bearish