EURJPY surrenders to the negative pressures – Analysis – 16-10-2017
Economies.com
2017-10-16 07:55AM UTC
The EURJPY pair failed to hold against the negative pressures to notice crawling below 132.05 key support, while providing daily close below this support will cancel the positive overview and expect to show correctional negative trading that targets 130.55 followed by 129.45.
Stochastic move towards the oversold areas forms the main factor to change the main trend, to provide the price with strong negative momentum and force it to start suffering losses.
Expected trading range for today is between 132.05 and 130.55
Expected trend for today: Bearish
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