EURJPY tests the resistance – Analysis – 11-10-2018

Economies.com
2018-10-11 06:44AM UTC

The EURJPY pair provided an intraday positive rebound yesterday, testing the resistance at 130.60, then begin to form new negative trading by achieving 129.20 level, which confirms the price affection by the bearish bias domination, to keep our negative suggestion, which requires breaking the support at 129.00, opening the way towards hitting the second target at 128.05.

 

The continuation of stochastic fluctuation near 20 level assists to confirm the negativity, to increase the chances for gaining extra negative momentum, to ease the attempt for reaching the waited targets.

 

Expected trading range for today is between 130.00 and 129.00

 

Expected trend for today: Bearish

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