EURJPY needs the bullish momentum – Analysis – 27-5-2016
Economies.com
2016-05-27 08:00AM UTC
The EURJPY price failed again to surpass the initial resistance at 123.15, forced to form bearish waves to settle at 122.60 as appears in the above image, in spite of the previous negative pressure but the stability of the support at 122.20 supports the bullish suggestion in the upcoming period, waiting for the price rally towards hitting the first target at 123.70.
The continuation of the negative pressures and the price attempt to settle negatively below the mentioned support will cancel the bullish overview, to begin to form negative attack to target 121.00 level.
Expected trading range for today is between 122.20 and 123.70.
Expected trend for today: Bullish.
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