The EURJPY prepares for new decline – Analysis – 30-4-2019
Economies.com
2019-04-30 06:48AM UTC
The EURJPY pair was forced to form intraday positive rebound recently after recording 124.10 level, attempting to get new negative momentum to assist to reach new negative stations in the upcoming period, noticing the price fluctuation within the bearish channel along with the moving average 55 forming additional barrier at 125.75.
Therefore, we will wait to get new negative momentum to increase the chances of reaching our target at 123.50, and breaking this barrier will extend trades towards 122.00 on the medium term basis.
The expected trading range for today is between 125.45 and 123.90
The expected trend for today: Bearish
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