The EURJPY crawls negatively – Analysis – 19-6-2019
Economies.com
2019-06-19 06:35AM UTC
The EURJPY pair confirmed its weakness by crawling below 121.55, to record the first losses by touching 121.00 level, also, the stability within the bearish channel and stochastic negative momentum signals allow us to suggest more negative trades to target 120.60 followed by reaching 119.70.
The risks of changing the negative trend and the beginning of providing correctional bullish trades by jumping above 122.10 level as it will provide chances to rally bullishly towards testing 61.8% Fibonacci correction level at 123.50.
The expected trading range for today is between 122.10 and 120.60
The expected trend for today: Bearish
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