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EURJPY still negative – Analysis – 2-8-2016
Despite the weak trading of the EURJPY pair, but we assure the continuation of the negativity for the upcoming trading depending on the stability above the initial barrier 115.10, besides the price stability within the bearish channel as appears on chart, thus, we will keep waiting to reach the main target at 112.50 that forms the extension of the main support.
We remind you that any attempt to rally above 115.10 level might postpone the negative attempts to be affected by intraday positive pressures until testing 116.85 level followed by starting to form strong negative attack to target the previously mentioned support.
Expected trading range for today is between 115.50 and 112.50
Expected trend for today: Bearish
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GBPJPY holds above the support – Analysis – 2-8-2016
No news for the GBPJPY pair, as its affected by some negative pressures that forced it to settle around 134.50 support, while the stability of this support allows us to wait to gather the bullish momentum again, which will open the way to reach our targets that reach to 137.00 then 140.00.
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