Forex

The EURJPY holds above the support – Analysis – 7-3-2019

2019-03-07 07:29:59 GMT (Economies.com)

The EURJPY pair still stable above the initial support 126.20 since yesterday, to increase the chances of renewing the previously suggested bullish attempts, expecting to gather new positive momentum to rally towards 127.50 that forms the first positive station, followed by extending trades towards 128.80 to press on 38.2% Fibonacci correction level.

 

We remind you that facing additional negative pressures and crawling below the current support will postpone the positive overview to increase the chances of suffering some losses by moving towards 125.45 followed by reaching 124.70 key support.

 

The expected trading range for today is between 126.20 and 127.50

 

The expected trend for today: Bullish

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