EURJPY repeats the negative fluctuation – Analysis – 7-5-2018

The EURJPY pair still consolidating negatively below 131.00 level, to confirm the preparation to resume the previously expected negative attack, while the price needs to gather new negative momentum to manage to decline below 129.90 level and open the way to touch the next negative target at 128.90.

On the other hand, succeeding to surpass the mentioned barrier will force the price to start forming correctional bullish trades to move towards 131.60 followed by reaching 38.2% Fibonacci correction level at 132.20.

Expected trading range for today is between 131.00 and 128.90

Expected trend for today: Bearish