The EURJPY repeats the negative closes – Analysis – 02-10-2019

In spite of the EURJPY pair’s last trading, but its repeated stability below 118.50 level confirms the continuation of the bearish bias domination, therefore, we will keep waiting for gathering a new negative momentum to target the waited negative levels that are located at 117.20 and 116.50.

Note that the price attempt to rally above the current barrier, so that will delay the negative attack, to begin forming some of the bullish correction and there is a chance for hitting some of the positive levels that located at 119.10 and 119.70.

The expected trading range for today is between 118.50 and 117.20

The expected trend for today: Bearish