EURJPY keeps the negative attempts – Analysis – 13-4-2017
Economies.com
2017-04-13 06:57AM UTC
The EURJPY price confirmed the continuation of the negative attempts by providing new negative close below the broken support to form new resistance at 116.90, therefore, we will keep waiting for renewing the negative attempts that targets 115.10 level reaching to 113.80.
The price gets its negative momentum from stochastic fluctuation within the oversold level, which increases the negative pressure that allows it to renew the negative attempts until achieving the suggested targets.
Expected trading range for today is between 116.90 and 115.10
Expected trend for today: Bearish
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