EURJPY presses on the initial support – Analysis – 15-2-2019
Economies.com
2019-02-15 08:33AM UTC
The EURJPY pair started forming new negative attack to notice providing negative pressure on 124.20 support, reminding you that the price consolidation within the bearish channel increases the chances of gathering the negative momentum, to expect breaking the current support to target new negative levels that might start at 123.50 and 122.90.
Also, we notice stochastic crawl below 50 level to support the negative overview and increase the chances of gathering the required negative momentum to achieve the mentioned targets.
The expected trading range for today is between 125.00 and 123.50
The expected trend for today: Bearish
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