Forex

The EURJPY has to decline – Analysis – 18-7-2019

2019-07-18 07:26:35 GMT (Economies.com)

The EURJPY pair continues to form slow negative trading recently, attempting to hold around 121.00 level, while the general stability within the bearish channel and stochastic continuous negative momentum signals confirm the preparation to resume the negative attack to target 119.60 followed by waiting to move towards the next target at 118.80.

 

We remind you that it is important to hold below 122.05 barrier that forms solid obstacle against the attempt to postpone the negative attack and start forming positive rebound before reaching the waited negative targets.

 

The expected trading range for today is between 121.45 and 119.60

 

The expected trend for today: Bearish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.