The EURJPY takes breath – Analysis – 6-4-2020
Economies.com
2020-04-06 05:44AM UTC
The EURJPY pair started to form some correctional bullish rebound, attempting to take a breath after recording 116.35 level, which will not affect the bearish track due to the price consolidation within the bearish channel besides 118.50 forming additional resistance against the current fluctuations.
Therefore, we will keep waiting to gather new negative momentum to ease the attempt to resume the negative attack that targets 116.60 followed by 115.85 levels.
The expected trading range for today is between 118.50 and 116.30
The expected trend for today: Bearish
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