The EURJPY fluctuates within the bearish range – Analysis – 21-5-2019

Economies.com
2019-05-21 07:06AM UTC

No news for the EURJPY pair that remain stable between the sideways range’s lines, represented by 123.50 resistance and 122.00 support line that faces the continuation of the previously suggested negativity.

 

On the other hand, the price consolidation within the bearish channel allows us to keep our negative overview, to wait gathering new negative momentum in the near term period to manage to break 122.00 level and reach 121.20 followed by 120.30 levels.

 

The expected trading range for today is between 123.25 and 122.00

 

The expected trend for today: Bearish

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