EURJPY approaches from the resistance – Analysis – 20-4-2017

The EURJPY price continued to provide any intraday bullish correctional trading to approach from the main resistance at 117.30, the upcoming scenario depends on the strength pf this resistance to expect renewing the bearish attempt by its stability, targeting 116.00 level reaching to the support at 114.85.

Stochastic reach to the overbought level announces that it got rid of the positive pressures, to confirm ending the bullish correctional wave, to attempt to provide new negative momentum, to confirm the continuation of the bearish bias domination and begin to record the suggested targets.

Expected trading range for today is between 117.30 and 114.80 

Expected trend for today: Bearish