The EURJPY begins negative action – Analysis – 1-8-2019
Economies.com
2019-08-01 07:53AM UTC
The EURJPY pair started to form clear negative action by declining towards 120.55 level, reinforcing the negative scenario caused by the price consolidation within the main bearish channel, while the price needs to break 119.60 to open the way to form additional negative attack and target the next negative station at 118.40.
Stochastic begins losing the negative momentum by attempting to crawl below 50 level, forcing the price to hold below the initial resistance at 122.00 until touching the waited targets.
The expected trading range for today is between 121.25 and 119.60
The expected trend for today: Bearish
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