Forex

EURJPY continues to decline – Analysis – 8-2-2019

2019-02-08 08:14:52 GMT (Economies.com)

The EURJPY pair succeeded to record the first negative target at 124.30, confirming the affection by the main bearish bias domination, reminding you that the stability of 126.00 resistance is important to confirm blocking the price within the bearish channel, waiting to reach 123.50 followed by 122.60 levels.

 

Stochastic reach to the oversold areas reinforces the negative overview by providing additional negative momentum and increases the chances of breaking 123.50 barrier.

 

The expected trading range for today is between 125.00 and 123.50

 

The expected trend for today: Bearish

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