EURJPY might start the negative correction – Analysis – 29-5-2017
Economies.com
2017-05-29 07:11AM UTC
The EURJPY pair was forced to form correctional bearish trading by fluctuating below the initial support at 124.75 today, while we expect moving towards the moving average 55 around 123.80, and breaking this barrier will extend the correctional bearish trading to record more negative level that start at 123.15 and extend to 121.90.
Stochastic attempt to exit the oversold areas might force the price to provide intraday sideways trading until gathering new negative momentum that allows it to reach our waited correctional negative targets.
Expected trading range for today is between 124.75 and 123.15
Expected trend for today: Bearish
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