No escape from the EURJPY – Analysis – 11-4-2019

There is no escape for the EURJPY pair’s price from forming an extra negative trading due to its repeated stability below the bearish channel’s resistance at 125.80, the stability of the moving average 55 above the current trading will increase the chances for gathering a new negative momentum, to keep waiting for reaching the first negative targets at 124.40, then attempts to press on the barrier at 123.50.

Stochastic resume the decline and its approach from 50 level supports our negative expectation by providing an extra negative momentum, to increase the chances for reaching to the main waited negative stations.

The expected trading range for today is between 125.80 and 124.40

The expected trend for today: Bearish