EURJPY awaits surpassing the barrier – Analysis – 9-3-2018

The EURJPY pair still affected by the intraday sideways bias due to the stability of 132.20 barrier that represents 23.6% Fibonacci correction level, expecting to provide new sideways trading and wait to achieve the required breach followed by resuming recording the positive targets at 133.00 followed by 134.15.

Stochastic attempt to crawl towards the overbought areas allows us to keep the bullish overview, reminding you that it is important to settle above 129.60 support to avoid any attempt to change the main expected track.

Expected trading range for today is between 129.60 and 131.80

Expected trend for today: Bullish