The EURJPY affected by the indicators’ contradiction – Analysis – 2-4-2019

The EURJPY pair did not succeed to gather new negative momentum until this moment, to surrender to the contradiction of the moving average 55 against stochastic rally towards 80 level, while the stability of the initial barrier at 125.20 allows us to keep our bearish overview that targets 123.50 level first, and breaking this level will extend trades towards 122.70 followed by 122.00 levels in the upcoming period.

Note that attempting to rally above 125.20 will postpone the negative attack and force the price to build correctional bullish trades that might push to test 126.15.

The expected trading range for today is between 125.20 and 123.50

The expected trend for today: Bearish