The EURJPY fluctuates within the bearish range – Analysis – 25-6-2019

The EURJPY pair returns to provide mixed trading despite its consolidation within the bearish channel, affected by the contradiction between the major indicators, as the stability of the moving average 55 increases the negative pressures on the price, while stochastic fluctuation near 80 level hints the attempt to provide positive momentum to provide the chances to renew the suggested correctional bullish attempts.

Therefore, we expect the price move within tight range, represented by 121.40 initial support and 122.50 resistance, thus, we recommend to stay neutral today until breaching one of the mentioned levels.

The expected trading range for today is between 122.50 and 121.40

The expected trend for today: Neutral