EURJPY begins to decline – Analysis – 18-10-2018
Economies.com
2018-10-18 06:43AM UTC
The EURJPY pair started to show negative crawl that confirms its surrender to the bearish bias domination, noticing recording 129.18 level, while the stability of the moving average 55 above the current price increases the negative pressures, to expect breaking 128.80 support and start achieving new negative targets by reaching 128.05 followed by 126.90 levels.
Stochastic continuous fluctuation near 20 level increase the chances of gathering additional negative momentum that will support the attempt to reach the previously suggested main targets.
Expected trading range for today is between 129.70 and 128.05
Expected trend for today: Bearish
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