EURJPY gathers strength – Analysis – 20-2-2018

The EURJPY pair was affected by the strength of the initial support line at 131.80, to postpone the negative attack and form temporary positive rebound as appears on the chart, reminding you that the bearish scenario will remain valid as the price provides negative closings below 135.00 resistance, waiting to gather the negative strengths to manage to achieve the required break and reach the additional negative targets that start at 131.15 followed by 130.00.

Stochastic fluctuation below 50 level increases the chances of gathering the negative momentum in the near term period to increase the chances of achieving the break and reach the waited targets.

Expected trading range for today is between 132.60 and 131.15

Expected trend for today: Bearish