The EURJPY repeats the pressure on the additional resistance – Analysis – 13-5-2019

The lack of the negative momentum led the EURJPY pair to form more positive rebounds to press on the additional resistance at 123.50, while the bearish scenario depends on the negative stability below this resistance to keep waiting to gather new negative momentum followed by starting to target new negative levels that might begin at 122.60 and 122.00.

On the other hand, rallying above the current resistance and providing positive close above it will cancel the negative overview and force the price to provide new bullish rebound that might target 124.50 level.

The expected trading range for today is between 123.50 and 122.60

The expected trend for today: Bearish