Forex

The EURJPY faces stochastic negativity – Analysis – 6-8-2020

2020-08-06 05:21:46 GMT (Economies.com)

The EURJPY pair formed clear stability yesterday by settling near the first target at 125.35, attempting to face stochastic negativity due to its exit from the overbought areas, which contradicts the attempts to renew the previously suggested bullish attack.

 

We will depend on the continuous stability of the initial support at 124.20 to increase the chances of gathering the additional positive momentum followed by repeating the attempts to record the additional targets at 126.00 followed by 126.55.

 

The expected trading range for today is between 124.20 and 126.00

 

The expected trend for today: Bullish

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