There is no news for the EUR/JPY pair and it is trading steadily within the tight range represented by the 114.20 resistance and the 112.30 support until this moment. Stochastic attempts to form a new bearish wave to support negative momentum and to renew pressure on the support level until the required break. This will open the way towards the awaited targets at 111.30 and 110.00. Therefore, we expect negativity to dominate in the upcoming trading. Stability of 114.20 levels confirms its confinement within the negative range, avoiding any unexpected positive correction. The expected trading range for today is between 114.20 and 111.30.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
There is no news for the EUR/JPY pair and it is trading steadily within the tight range represented by the 114.20 resistance and the 112.30 support until this moment. Stochastic attempts to form a new bearish wave to support negative momentum and to renew pressure on the support level until the required break. This will open the way towards the awaited targets at 111.30 and 110.00. Therefore, we expect negativity to dominate in the upcoming trading. Stability of 114.20 levels confirms its confinement within the negative range, avoiding any unexpected positive correction. The expected trading range for today is between 114.20 and 111.30.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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