The EURJPY holds above the support – Analysis – 16-8-2019

2019-08-16 09:13:54 GMT (Economies.com)
 

Despite facing new negative pressures, the EURJPY pair’s stability above the bearish channel’s support line at 117.20 today supports the attempts to form correctional bullish rebound to target 119.10 followed by reaching 121.05 levels in the upcoming period.

 

On the other hand, crawling below the current support will confirm the preparation to resume the negative attack to suffer more losses by moving towards 116.60 followed by reaching the historical support at 114.85.

 

The expected trading range for today is between 117.20 and 119.00

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1015
-0.0020
0.1799%
1.3026
-0.0056
0.4288%
Tadawul
8160.65
-17.82
0.22%
18.026
-0.077
0.428%
53.205
-1.067
1.967%
59.34
-0.02
0.03%
1578.110
7.480
0.476%
 
 
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