Forex

The EURJPY tests the support – Analysis – 6-3-2019

2019-03-06 07:16:20 GMT (Economies.com)

The EURJPY pair ended its intraday negative rebound by testing the initial support at 126.20, which forms a barrier against changing the trend in the near and medium period, the price needs a strong positive momentum, to begin forming a bullish trading, to target 127.50 level reaching to 128.05.

 

While suffering extra bearish pressures and reaching the current support, so that will delay the positive overview to increase the chances for suffering some losses by reaching 125.45 reaching to the critical support at 124.70.

 

The expected trading range for today is between 126.20 and 127.50

 

The expected trend for today: Bullish

 

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