The EURJPY gathers new momentum – Analysis – 10-4-2019
Economies.com
2019-04-10 06:39AM UTC
The EURJPY pair gathered new negative momentum by stochastic exit from the overbought areas, to increase the chances of renewing the previously suggested negative attempts, also, note that it is important to settle below the bearish channel’s resistance at 125.80 to avoid any losses that might appear due to changing the main trend now.
We expect the price to crawl towards 124.40 level to form the first negative target, noting that breaking this barrier will allow the price to renew the pressure on 123.50 barrier.
The expected trading range for today is between 125.80 and 124.40
The expected trend for today: Bearish
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