The EURJPY tests the support’s extension – Analysis – 17-6-2019
Economies.com
2019-06-17 07:27AM UTC
The EURJPY pair ended its recent negative fluctuation by facing 121.55 support line, to form clear barrier against the negative trades, expecting to start forming some bullish trend as long as the current support line remains intact, to move towards the moving average 55 at 122.40, while surpassing it might extend trades towards 123.50 level as a next target.
Stochastic release from the oversold areas confirms getting rid of the negative pressures, providing good chance to gather new positive momentum that agrees our bullish overview until reaching the mentioned targets.
The expected trading range for today is between 121.55 and 122.40
The expected trend for today: Bullish
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