The EURJPY resumes the negativity – Analysis – 31-5-2019
Economies.com
2019-05-31 08:36AM UTC
The EURJPY pair succeeded to confirm breaking the support line at 122.00, while the daily close below this level hints the preparation to form new negative attack, noticing the price reach to 121.16 and record the first negative target suggested in our previous report.
Note that stochastic attempt to crawl towards the oversold areas will confirm the preparation to take advantage of the negative momentum to form additional negative attack, waiting to target 120.30 followed by reaching the major support 119.65.
The expected trading range for today is between 121.80 and 120.30
The expected trend for today: Bearish
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