The EURJPY needs to break the support – Analysis – 24-5-2019

The EURJPY pair did not achieve any new negative target until this moment, due to that 122.00 level keeps forming additional support against the negative attempts, while we will wait to break the required break to avoid any losses that might appear due to the frequent sideways fluctuations, followed by waiting to achieve new negative targets around 121.20 followed by 120.30 levels.

Stochastic current decline below 20 level assists to increase the pressure on the price, to gather additional negative momentum that increases the chances of achieving the required break.

The expected trading range for today is between 123.00 and 122.00

The expected trend for today: Sideways