EURJPY hits the second target – Analysis 10-3-2017

Economies.com
2017-03-10 08:30AM UTC

The EURJPY price formed strong bullish attack yesterday to surpass the barrier at 121.20, which allows it to record the second positive target by reaching 122.10, and 121.20 level represents support level to expect targeting new positive levels that begin from the achieved top level at 124.05 reaching the bullish channel’s resistance at 126.10.

 

The moving average 55 stability below the current support confirms the price confinement within the bullish range, which agrees with stochastic rally to the overbought level, which assists to provide the required positive momentum to achieve the suggested targets.

 

Expected trading range for today is between 122.10 and 124.00

 

Expected trend for today: Bullish.

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