The EURJPY repeats the negative closings – Analysis – 6-6-2019
Economies.com
2019-06-06 07:15AM UTC
The EURJPY pair attempted to form some positive rebound yesterday, but its frequent consolidation below 122.00 barrier reinforces the continuation of the suggested negativity, as the price current decline towards 121.45 confirms the preparation to resume the negative attack, reminding you that the main targets located around 120.60 followed by 119.65 levels.
We remind you that succeeding to hold above 122.00 barrier will postpone the negative attack and force the price to provide some bullish correction with chances to move towards 122.60 followed by reaching 61.8% Fibonacci correction level at 123.50.
The expected trading range for today is between 122.00 and 120.60
The expected trend for today: Bearish
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