The EURJPY is waiting for the extra momentum– Analysis – 05-6-2019

The EURJPY pair keeps its negative stability below the extra resistance that is represented by 122.00 level, to increase the chances for resuming the negative attack in the near and medium, gaining the negative momentum is important for gaining the negative momentum, to increase the chances for reaching 120.60, which forms the initial negative target, attempting to press on 119.65 level.

Note that the price attempt to jump above the barrier at 122.00 level, and providing a positive close above it, so that will make it to delay the negative attack, forcing it to provide some of the bullish correction, and there are chances for reaching 122.60 reaching to 61.8% Fibonacci correction level at 123.50.

The expected trading range for today is between 122.00 and 120.60 

The expected trend for today: Bearish