The EURJPY awaits more decline – Analysis – 8-7-2019
Economies.com
2019-07-08 06:07AM UTC
The EURJPY pair begins to provide slight negative trades now, hinting the price head to resume the main bearish trend, which its next targets located at 120.30 and extend to 119.60.
Therefore, the bearish trend will remain expected in the upcoming period supported by the negative pressure formed by the moving average 55, noting that breaching 122.05 will stop the expected decline and push the price to start intraday bullish correction.
The expected trading range for today is between 122.10 and 120.30
The expected trend for today: Bearish
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