The EURJPY approaches the second target – Analysis – 2-8-2019

The EURJPY pair ended its silence yesterday to notice forming strong negative attack and reinforce the domination of the bearish bias, noticing its approach to the second target at 117.75, noting that the continuous of facing the negative pressures might push the price to surpass the waited target to move into new negative track and increase the chances of reaching 116.60 level, followed by attempting to test the main support at 114.90.

On the other hand, the positive stability of trading above 118.40 will force the price to renew the correctional bullish attempts with chances of rallying towards 120.00 before achieving any new negative target.

The expected trading range for today is between 119.30 and 117.75

The expected trend for today: Bearish