The EURJPY approaches the initial support – Analysis – 4-7-2019

Economies.com
2019-07-04 07:51AM UTC

The EURJPY pair ended the negative fluctuation yesterday by providing clear stability above the initial support 121.00, to block the previously suggested bearish attack, while having many negative factors represented by the price stability within the bearish channel and stochastic negative momentum signals by reaching the oversold areas allow us to wait to break the current support and confirm the preparation to record new negative targets that start at 120.30 and 119.60 levels.

 

The expected trading range for today is between 122.10 and 120.30

 

The expected trend for today: Bearish

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