The EURJPY repeats the positive closings – Analysis – 15-8-2019

The EURJPY pair remains stable positively above the bearish channel’s support at 117.43, to increase the chances for forming a bullish correctional rebound in the near and medium period, when the price gains the positive momentum we expect reaching to 120.65, to press on 121.05 level, which formed a strong barrier against the last negative attempts.

While suffering strong negative pressures and reaching below the current support, so that will confirm its readiness to resume the negative attack, to suffer more of the losses by reaching 116.60 then to the historical support at 114.85.

The expected trading range for today is between 117.43 and 120.00

The expected trend for today: Bullish