EURJPY continues to crawl negatively – Analysis – 8-5-2018
Economies.com
2018-05-08 06:56AM UTC
The EURJPY pair showed more negative crawling yesterday to reach 129.80 and confirms keeping the bearish bias domination, noticing that 130.45 forms additional resistance to increase the negative pressure and allows us to suggest more negative trading in the near term and medium term period until touching the main target at 128.90.
Stochastic stability within the oversold areas reinforces the negative overview and continues to provide the negative momentum that agrees our expectations until reaching the waited target.
Expected trading range for today is between 130.45 and 128.90
Expected trend for today: Bearish
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