The EURJPY lacks the negative momentum – Analysis – 23-7-2019
Economies.com
2019-07-23 06:40AM UTC
Despite the EURJPY pair’s consolidation within the main bearish channel, lacking the negative momentum forces it to form more sideways trading to settle around 121.00.
We depend on 122.05 level forming additional resistance to decrease the chances of forming any correctional bullish rebound, reminding you that it is important to crawl below 120.60 to open the way to target the negative levels at 119.60 and 118.40.
The expected trading range for today is between 122.05 and 120.60
The expected trend for today: Bearish
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