EURJPY needs new momentum – Analysis – 12-12-2018
Economies.com
2018-12-12 07:26AM UTC
The EURJPY pair formed new positive rebound attempting to settle above the resistance at 128.70 by hitting 129.00 level, but providing new negative close below the critical resistance confirms the continuation of the bearish bias domination, to notice its fluctuation below the moving average 55.
Gaining a new negative momentum will confirm its readiness to build a strong negative attack, reminding you that the initial targets are located at 128.00 and 127.50 level.
Expected trading range for today is between 128.70 and 128.00
Expected trend for today: Bearish
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