EURJPY is confused – Analysis – 9-1-2017

Economies.com
2017-01-09 08:25AM UTC

The EURJPY price still confused due to the repeated stability below the main resistance at 124.15 and between the main indicators attempt to provide positive momentum by the stability of the moving average 55 below the current trading, besides stochastic attempt to form a bullish wave as appears in the above image.

 

Which makes us stay neutral again, to wait for surpassing one of the main levels that represented by the mentioned resistance, while the support settles at 121.60 level, to detect the main trend in the futuristic period.

 

Expected trading range for today is between 124.10 and 122.10

 

Expected trend for today: neutral.

 

 

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