The EURJPY settles below the major resistance – Analysis – 8-4-2020
Economies.com
2020-04-08 08:30AM UTC
Despite the EURJPY pair’s strong positive rebound yesterday, its main stability within the bearish channel at 119.20 supports the continuation of the negativity to notice its rebound since this morning below 118.50.
Therefore, we will keep our bearish overview, assuring the importance of gathering the additional negative momentum to support the attempt of reaching 116.60 now.
The expected trading range for today is between 118.50 and 116.60
The expected trend for today: Bearish
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