Forex

The EURJPY gathers the negative momentum – Analysis – 16-7-2019

2019-07-16 07:03:17 GMT (Economies.com)

The EURJPY pair confirmed its preparation to resume the negative attack by gathering additional negative momentum caused by stochastic reach to 20 level as appears on the chart, also, the frequent stability below 122.05 barrier assists to confirm the negativity to keep waiting to achieve the negative targets represented by 120.80 followed by 119.60 levels.

 

The expected trading range for today is between 122.05 and 120.80

 

The expected trend for today: Bearish

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