Forex

EURJPY prepares for strong decline – Analysis – 11-2-2019

2019-02-11 08:34:29 GMT (Economies.com)

The EURJPY pair confirmed its affection by the bearish bias domination by its repeated stability within the bearish channel levels, depending on the strength of the resistance at 125.85, besides stochastic reach to the oversold level provides a new bearish momentum, to confirm the price readiness to build a strong bearish trading that targets 123.50 level initially, and breaking it will extend the trading towards 122.60 and 121.90.

 

The expected trading range for today is between 125.00 and 123.50

 

The expected trend for today: Bearish

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