Forex

The EURJPY prepares for new positivity – Analysis – 18-3-2019

2019-03-18 07:40:29 GMT (Economies.com)

The EURJPY pair repeated the fluctuation above 50% Fibonacci correction level at 126.20, to confirm the preparation to form new bullish attack in the near term and medium term period, expecting to move towards 126.85 followed by pressing on the recently recorded top at 127.50.

 

Stochastic consolidation within the overbought areas supports our bullish overview by providing new positive momentum to agree the stability of the moving average 55 around the current support and confirm blocking the price within the bullish range until reaching our targets.

 

The expected trading range for today is between 126.20 and 126.85

 

The expected trend for today: Bullish

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