The EURJPY is slow – Analysis – 8-8-2019

There is no new for the EURJPY pair for today, affected by the contradiction between the main indicators, to keep its sideways fluctuation near 119.00 level, reminding you that the repeated stability below the initial resistance at 120.70 will increase the chances for resuming the negative attack, which targets breaking the support at 117.45, opening the way towards building a new bearish trading in the upcoming period.

While the price rally above the initial resistance will delay the negative attack, which forces it to build a bullish correctional trading that might target 121.20 and 122.70 level, before recording any new negative target.

The expected trading range for today is between 120.70 and 118.00

The expected trend for today: Bearish