The EURJPY provides negative signal – Analysis – 24-7-2019
Economies.com
2019-07-24 06:39AM UTC
The EURJPY pair formed negative wave yesterday, attempting to reinforce the bearish scenario by crawling below 121.00 level and recording the first target at 120.60, reminding you that the main stability within the bearish channel will increase the chances of gathering the negative momentum to ease the attempt to reach the additional targets represented by 119.60 and 118.40 levels.
In addition, we notice stochastic attempt to crawl towards the oversold areas to increase the negative pressures and open the way to gather additional negative momentum that confirms the attempt to reach the mentioned negative targets.
The expected trading range for today is between 121.00 and 119.60
The expected trend for today: Bearish
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