EURJPY repeats the sideways fluctuation– Analysis – 13-3-2018

No news for the EURJPY pair until this moment by the continuation of the main indicators contradiction, to notice its fluctuation between 129.60 support and 132.20 resistance, therefore, we will keep waiting for surpassing one of the main levels, then wait for achieving new positive targets in the upcoming period.

Note that the price success to breach the current barrier and providing positive close will open the way towards resuming the bullish correction, to target some positive levels that begin at 133.00, while reaching below the mentioned support will force it to form strong negative trading, to begin suffering several losses by reaching 128.85 and 127.50.

Expected trading range for today is between 132.20 and 130.30

Expected trend for today: sideways.