The EURJPY has to decline – Analysis – 18-7-2019

The EURJPY pair continues to form slow negative trading recently, attempting to hold around 121.00 level, while the general stability within the bearish channel and stochastic continuous negative momentum signals confirm the preparation to resume the negative attack to target 119.60 followed by waiting to move towards the next target at 118.80.

We remind you that it is important to hold below 122.05 barrier that forms solid obstacle against the attempt to postpone the negative attack and start forming positive rebound before reaching the waited negative targets.

The expected trading range for today is between 121.45 and 119.60

The expected trend for today: Bearish