The EURJPY postpones the negative attack – Analysis – 11-10-2019
Economies.com
2019-10-11 10:27AM UTC
The EURJPY pair jumped above 118.40 barrier yesterday to hint postponing the negative attack by achieving some correctional targets by reaching 119.15.
We expect stochastic to continue providing the positive momentum due to its consolidation within the overbought areas, while the price move towards the moving average 55 at 119.65, and breaching this barrier will confirm the preparation to test 38.2% Fibonacci correction level at 120.00.
The expected trading range for today is between 118.50 and 119.65
The expected trend for today: Bullish
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