The EURJPY tests the support – Analysis – 23-4-2019
Economies.com
2019-04-23 06:43AM UTC
The EURJPY pair was forced to form intraday negative rebound, to notice testing the key support at 125.58, while the stability of this support line will confirm the preparation to renew the bullish attempts, expecting to target 126.20 followed by waiting to move towards 124.70 on the medium term basis.
Stochastic attempt to exit the oversold areas confirms the attempt to get rid of the negative pressures, to increase the chances of gathering the additional positive momentum that confirms the attempt to achieve the mentioned targets.
The expected trading range for today is between 125.60 and 126.20
The expected trend for today: Bullish
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