EURJPY pair seeks the negative momentum – Analysis – 7-9-2018

The EURJPY pair repeated providing negative trading, to notice its attempt to reach below 128.80 level, which forms an initial support against the bearish attempts, the price needs a new negative momentum, to repeat the negative closes below the current support, which increases the chances for recording new negative targets by reaching 127.85 and 127.10.

Note that the stability of the moving average 55 above the current trading reinforces the bearish suggestion by forming an extra resistance by its stability at 129.35, and we notice stochastic begin to form a bearish wave, to open the way towards gaining a new negative momentum in the current period.

Expected trading range for today is between 129.35 and 127.85

Expected trend for today: Bearish