The EURJPY moves between the key levels – Analysis – 20-5-2019
Economies.com
2019-05-20 07:08AM UTC
Despite the EURJPY pair’s consolidation within the bearish channel, 122.00 level continues to form additional support to block the bearish track and force the price to form frequent sideways fluctuations as appears on the chart.
We expect the price to move between 123.50 barrier and the above mentioned support, allowing us to wait to gather new negative momentum and assist to confirm the attempt to break the support line to reach the additional targets at 121.20 followed by 120.30.
The expected trading range for today is between 123.25 and 122.00
The expected trend for today: Bearish
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