EURJPY tends to resume the bullish correction – Analysis – 5-2-2019
Economies.com
2019-02-05 07:42AM UTC
The EURJPY pair formed new bullish wave yesterday to attempt to surpass 125.60 barrier and increase the chances of resuming the bullish correction in the upcoming period, but the price consolidation within the main bearish channel and the stability of 126.30 key resistance allows us to wait to end the intraday bullish wave and start forming the negative trades again, to target 124.45 followed by reaching the initial support at 123.50.
The expected trading range for today is between 126.30 and 124.45
The expected trend for today: Fluctuated within the bearish range
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