The EURJPY ended the bullish rebound – Analysis – 16-9-2019
Economies.com
2019-09-16 07:03AM UTC
The EURJPY pair ended its positive rebound by hitting 120.05 level, which represents 38.2% Fibonacci correction level that appears in the above image, the continuation of this barrier stability will force the price to form several negative waves to target 118.45 reaching to 117.25 level in the upcoming period trading.
While breaching 120.05 level will confirm its move to a new bullish correctional track, to increase the chances for recording extra correctional targets by reaching 120.65 and 121.30.
The expected trading range for today is between 120.05 and 118.45
The expected trend for today: Bearish
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