The EURJPY continues to postpone the decline – Analysis – 2-5-2019

The EURJPY pair still lacks the negative momentum to continue fluctuating above 124.50 level, to postpone the waited negative attack, also, note that stochastic attempt to provide temporary positive momentum by reaching the overbought areas increases the chances of forming correctional bullish trades in the near term period.

Therefore, and by the continuous stability of 124.50 level, we expect rallying positively on the intraday basis to target 125.65 followed by monitoring the price behavior to manage to detect the next expected targets.

The expected trading range for today is between 124.75 and 125.65

The expected trend for today: Bullish