EURJPY begins the positive rebound– Analysis – 6-3-2018
Economies.com
2018-03-06 07:58AM UTC
The EURJPY pair surrendered to the strength of the support level at 129.55, to begin providing bullish correctional trading and achieving 131.50 level, we expect gaining new positive momentum by surpassing 130.80 that represents 38.2%Fibonacci correction level to reach 133.00 reaching to 13.95 in the upcoming period.
Stochastic rally above 50 level that reinforces our bullish expectation by providing extra positive momentum, which increases the chances against surpassing the initial barrier and resuming achieving the mentioned targets.
Expected trading range for today is between 130.60 and 131.80
Expected trend for today: Bullish
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