EURJPY awaits the negative momentum – Analysis – 9-8-2018

The EURJPY pair lost its negative momentum yesterday after stochastic exited the oversold areas, to start providing some sideways fluctuations by consolidating around 128.80 level, reminding you that the intraday negative overview depends on 130.00 resistance line stability, to wait gathering new negative momentum followed by attempting to reach 128.00 that forms the main target of the negative attempts.

On the other hand, facing strong negative pressures and getting negative close below the waited target will confirm the preparation to form strong negative trades within the main bearish channel again, to increase the chances of moving towards 127.60 that forms the new negative station.

Expected trading range for today is between 129.35 and 128.00

Expected trend for today: Bearish