EURJPY begins to decline – Analysis – 1-2-2019
Economies.com
2019-02-01 09:33AM UTC
The EURJPY pair confirmed its affection by the stability of the resistance at 125.60, to begin forming a bearish trading and achieving the initial target that is located at 124.35, by the above image we notice the price stability within the main bearish channel levels, which makes us prefer more of the negative attempts, to press on the obstacle at 132.0 in the near trading.
Stochastic reach below 50 level agrees with the negative suggestion, to provide an extra negative momentum, which increase the chances for reaching the suggested target.
Expected trading range for today is between 125.00 and 123.50
Expected trend for today: Bearish
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