EURJPY tends to resume the negative fluctuation – Analysis – 6-8-2018
Economies.com
2018-08-06 07:11AM UTC
The EURJPY pair hinted resuming the negative fluctuation by providing new close below 129.70 level that represents the extension of the initial resistance that appears on the chart, also, the stability of the moving average 55 above the current price confirms blocking the price within the correctional bearish range to keep waiting the next negative target at 128.10.
Stochastic crawl towards the oversold areas supports our negative overview by providing additional negative momentum and allows us to wait to reach the expected target.
Expected trading range for today is between 129.15 and 128.10
Expected trend for today: Bearish
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