EURJPY keeps the negativity – Analysis – 7-2-2019
Economies.com
2019-02-07 07:49AM UTC
The EURJPY pair continued to form a negative trading within the bearish channel levels, specifically below the barrier that is located at 125.60, therefore, we will keep waiting for forming a new bearish wave, to surpass the initial support at 124.45, to press on 61.8% Fibonacci correction level at 123.50.
Stochastic reach below 50 level supports our negative expectation by providing negative momentum, to increase the chances to begin the waited attack.
The expected trading range for today is between 125.25 and124.45
The expected trend for today: Bearish
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