The EURJPY prepares for strong decline – Analysis – 15-7-2019

The EURJPY pair provided new negative close below 122.05 barrier, confirming the preparation to resume the suggested bearish attack, also, we notice that stochastic provides new negative momentum by declining below 50 level, to increase the chances of reaching the main targets at 120.30 followed by 119.60.

Note that the price attempt to rally above the current barrier and providing positive close might postpone the negative attack, to force the price to form some correctional bullish rebound with chances to test 123.50 level before reaching the suggested negative targets.

The expected trading range for today is between 122.05 and 120.30

The expected trend for today: Bearish