EURJPY faces additional support – Analysis – 26-10-2018
Economies.com
2018-10-26 09:24AM UTC
The EURJPY pair ended its negative crawl by facing additional support at 127.20, to form intraday barrier against the main bearish attack, expecting to form some sideways fluctuation until gathering new negative momentum to increase the chances of achieving the break the extend trades towards achieving new targets that start at 126.90 followed by 126.15.
Stochastic reach to the oversold areas reinforces the continuation of the negativity by providing new negative momentum, which allows us to wait to achieve the required break followed by moving towards the mentioned additional negative targets.
Expected trading range for today is between 127.75 and 126.90
Expected trend for today: Bearish
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