EURJPY tests the resistance – Analysis – 4-2-2019
Economies.com
2019-02-04 10:55AM UTC
The EURJPY pair responded to stochastic positivity recently as it attempts to crawl towards the overbought areas, noticing its rally towards the initial resistance at 125.60, reminding you that the stability of this resistance will increase the chances of forming strong negative trades to target 124.45 initially, followed by waiting to touch 123.50 level.
On the other hand, attempting to breach the current resistance will confirm postponing the negative attack until testing the bearish channel’s resistance at 126.30 followed by starting to form the suggested negative trades.
Expected trading range for today is between 125.60 and 123.50
Expected trend for today: Bearish
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