The EURJPY threats the positive stability – Analysis – 8-9-2020

The EURJPY pair repeated providing negative pressure on the bullish channel’s support that is located near 125.40, affected by stochastic negativity that is located near 20 level, the upcoming scenario depends on the stability of this support, to recommend staying aside and wait for the next daily close to avoid any losses that might be caused by a sudden trend change.

reminding you that the stability of the current support will increase the chances for targeting positive levels that might begin at 126.75 and 127.40, while its move to the bearish track will force it to suffer several losses by reaching 124.90 and 124.10.

The expected trading range for today is between 125.90 and 124.90

The expected trend for today: Neutral