The EURJPY needs new negative momentum – Analysis – 19-2-2020
Economies.com
2020-02-19 07:30AM UTC
The EURJPY pair formed temporary positive rebound yesterday after touching 118.45 level, to form intraday obstacle against the negative attempts, noticing the price stability near 118.80 now.
We remind you that the frequent negative stability below 119.50 forms main factor to confirm the continuation of the negativity, waiting to gather new negative momentum to ease the mission of breaking the current obstacle and reach the next negative station at 117.50.
The expected trading range for today is between 119.50 and 117.80
The expected trend for today: Bearish
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