EURJPY tends to resume the negativity – Analysis – 23-10-2018

The EURJPY pair returned to form new negative trading, to notice providing clear pressure on 128.80 level, which formed the initial support against the last negative fluctuation, we expect forming a new negative attack by surpassing this obstacle, to resume recording the negative targets that are located at 128.05 and 126.90.

We will depend on forming an extra resistance at 129.35 level against the negative trading, note that stochastic attempt to form a new bearish wave will assist providing extra negative momentum, which increases the chances for achieving the required break and begin recording the mentioned targets.

Expected trading range for today is between 129.35 and 128.05

Expected trend for today: Bearish