EURJPY repeats the fluctuation below the moving average – Analysis – 4-9-2018
Economies.com
2018-09-04 06:18AM UTC
Despite the EURJPY pair’s sideways fluctuations, its stability below the moving average 55 at 129.35 confirms surrendering to the bearish bias domination, thus, we will keep waiting to form new negative attack to target 128.10 level, and breaking this barrier will push the price towards the next negative station at 126.70.
Stochastic continuous fluctuation within the oversold areas reinforces our bearish overview by providing negative momentum to increase the chances of achieving the waited targets.
Expected trading range for today is between 129.35 and 128.10
Expected trend for today: Bearish
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