The EURJPY threatens the bearish scenario – Analysis –12-4-2019
Economies.com
2019-04-12 07:47AM UTC
The EURJPY pair faced strong positive pressures by stochastic reach to the overbought level, which led the price to form a new bullish wave, attempting to settle above the bearish channel’s resistance at 125.90.
Therefore, we recommend waiting for the upcoming four hours’ close, to confirm the main trend, while the stability of the price above 125.90 level, so that will confirm its readiness to target new positive levels that might begin at 127.15 reaching to 128.80 in the upcoming period trading.
The expected trading range for today is between 125.90 and 126.75
The expected trend for today: Bullish
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