The EURJPY plans to break the support – Analysis – 7-5-2019

The intraday positive rebound didn’t affect the EURJPY pair’s negative track, depending on 124.40 level forming additional barrier to increase the chances of resuming the suggested negative attack, reminding you that it is important to break 123.50 support and open the way to target new negative levels that might start at 122.80 followed by 122.00.

Also, stochastic stability near 20 level eases the mission of gathering the negative momentum to support the attempts to achieve the required break followed by starting to record the additional targets.

The expected trading range for today is between 124.40 and 122.80

The expected trend for today: Bearish