EURJPY remains positive – Analysis – 3-3-2017

The EURJPY price kept its stability above the breached resistance to form strong support at 119.45, affected by the positivity of the moving average 55 due to its stability at 120.00, which makes us wait until forming strong bullish attack that allows it to record several positive targets that begin at 121.20 reaching to 122.10 level in the upcoming period.

Stochastic reach to 20 level supports surpassing the negative pressures, which opens the way towards the beginning of gathering positive momentum in the near period, which allows it to form bullish attack and begin to gather the suggested gains.

Expected trading range for today is between 119.75 and 121.20

Expected trend for today: Bullish.