The EURJPY seeks the negative momentum – Analysis – 3-4-2019
Economies.com
2019-04-03 07:47AM UTC
The EURJPY pair provided intraday positive rebound recently due to the lack of the negative momentum, to approach the initial resistance at 125.20, while the price consolidation within the bearish channel allows us to wait to gather strong negative momentum to manage to press on 123.50 support line, which breaking it will push the price towards the main negative targets at 122.70 followed by 122.00.
We remind you that attempting to rally above 125.20 will postpone the negative attack and push the price to build correctional bullish trades that might push to test 126.15.
The expected trading range for today is between 125.20 and 123.50
The expected trend for today: Bearish
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