EURJPY keeps its negative stability – Analysis – 8/2/2016
Economies.com
2016-02-08 07:59AM UTC
The EURJPY pair confirmed keeping the negative bias domination by getting frequent negative closings below the main resistance at 131.80, and that makes us wait to form new negative attack to target 129.40 level and wait to break this level to open the way for more targets in the upcoming period.
Stochastic settles negatively below 50 level to continue supporting the negative domination for the upcoming period and attempt to gather new negative momentum to confirm the attempts to achieve the waited target.
Expected trading range for today is between 131.60 and 129.40
Expected trend for today: Bearish
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