EURJPY seeks new momentum – Analysis – 22-8-2017
Economies.com
2017-08-22 07:06AM UTC
The EURJPY pair forced to form an intraday bullish wave, attempting to look for new negative momentum that supports the expected correctional attempts, note that the price might rally to 129.90 level, which forms extra resistance to confirm the price confinement below the main resistance, to repeat the correctional attempts that target 126.90 initially reaching to 123.40 level in the upcoming period.
Stochastic fluctuation below 50 level increases the chances against the price to gain the negative momentum in the near trading, to repeat the attempts to reach the mentioned negative targets.
Expected trading range for today is between 129.80 and 126.90
Expected trend for today: Bearish
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