The EURJPY challenges the negative pressures– Analysis – 18-4-2019

The EURJPY pair provides new positive stability above 126.20 level, announcing facing the negative pressures that is represented by stochastic surpass to the overbought level, therefore, we will keep our bullish expectation, note that gathering new positive momentum assists to confirm the bullish attempts that targets 127.40 level reaching to 128.80 in the upcoming period.

Note that the price decline below the current support, so that will increase the chances for providing strong pressure on the critical support at 125.70, to suggest the neutrality until getting a clearer image.

The expected trading range for today is between 126.20 and 127.40

The expected trend for today: Bullish