EURJPY responds to stochastic positivity – Analysis – 22-10-2018

The EURJPY pair was forced to postpone the main bearish attack, affected by stochastic intraday positive momentum to notice providing correctional bullish trades by reaching 129.60, reminding you that the bearish scenario will remain valid depending on the stability of the key resistance at 130.15 to increase the chances of crawling below 128.80 to manage to record new negative targets that start at 128.05 followed by reaching 126.90 in the upcoming period.

In case the price rallied to breach the above mentioned key resistance, that will confirm changing the main trend to start forming strong bullish trades to target 131.20 followed by 132.20 levels.

Expected trading range for today is between 130.15 and 128.80

Expected trend for today: Bearish