The EURJPY tests an important support – Analysis – 26-8-2019
Economies.com
2019-08-26 07:21AM UTC
The EURJPY pair suffered from sudden negative pressures in Friday’s trading, which forces it to form a strong bearish wave that pushes it to test an important support by hitting 116.60 level, and the stability of this support will make us keep preferring the bullish correctional attempts, to expect targeting 119.00 level, to repeat the attempts of pressing on 121.05 barrier.
Any attempt to break the current support, so that will confirm the cancelation of the positive overview, to begin forming a new bearish attack, to suffer new losses by reaching 115.80 and 114.90.
The expected trading range for today is between 117.00 and 119.00
The expected trend for today: Bullish.
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