Forex

The EURJPY fluctuates below the barrier – Analysis – 19-7-2019

2019-07-19 08:20:44 GMT (Economies.com)

The EURJPY pair still affected by the sideways bias domination to block the waited negative attack, reminding you that it is important to settle below 122.05 barrier to confirm the attempt to renew the negative attack that requires crawling below 119.60 level to open the way to reach the main negative target at 118.80.

 

Stochastic fluctuation above 20 level is one of the reasons that agree postponing the negative attack, thus, we need to wait to gather the additional negative momentum to increase the chances of reaching the waited targets.

 

The expected trading range for today is between 122.05 and 119.60

 

The expected trend for today: Bearish

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