EURJPY leans on the moving average 55 – Analysis – 7-3-2017
Economies.com
2017-03-07 08:59AM UTC
The EURJPY price forced to provide mixed trading in the last period, affected by stochastic decline to 80 level, but the stability of the price above the moving average 55 level mainly supports the bullish suggestion, which forms good support at 120.20 level, to keep waiting for the price rally above 121.10, opening the way towards recording the second target at 122.10.
Stochastic forms bullish wave and that confirms surpassing the negative pressure, which opens the way towards gathering new positive momentum, to continue its attempts of achieving the waited targets.
Expected trading range for today is between 120.30 and 122.10.
Expected trend for today: Bullish.
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