Daily analysis of EUR/JPY for May 29, 2017

Overview The EUR/JPY pair was forced to start correctional bearish trading by fluctuating below the initial support at 124.75 today. Meanwhile, we expect moving towards the 55-moving average around 123.80. Breaking this barrier will extend the correctional bearish trading to reach another negative level that starts at 123.15 and extend to 121.90. Stochastic attempt to […]