EURJPY gets rid of the negativity – Analysis – 21-3-2017
Economies.com
2017-03-21 07:57AM UTC
The EURJPY price didn’t achieve the main condition of confirming the correctional decline to rally above 121.20 in this morning, attempting to regain the bullish bias, the price gets its positive momentum from the stability of the moving average 55 below the current trading, to form an initial support at 120.30, which assists the price attempt to rally to 122.80 reaching to the top at 124.05.
Stochastic attempt to form bullish wave supports surpassing the negative pressure, which provides extra momentum to repeat the attempts to reach the suggested targets.
Expected trading range for today is between 120.30 and 122.80
Expected trend for today: Bullish.
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