Forex

The EURJPY holds above the initial support – Analysis – 19-3-2019

2019-03-19 07:43:01 GMT (Economies.com)

No news for the EURJPY pair, as it forms additional sideways trades due to the recent fluctuation around the initial support 126.20, reminding you that the bullish scenario will remain valid as long as the current support line remains intact, expecting to gather new positive momentum to rally towards new positive targets that might start at 126.85 followed by 127.50.

 

On the other hand, facing sudden negative pressures and getting negative close below the current support will force the price to postpone the bullish attack and start forming correctional negative trades to move towards 25.50 followed by reaching the major support at 124.70.

 

The expected trading range for today is between 126.20 and 126.85

 

The expected trend for today: Bullish

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