EURJPY still above the support extension – Analysis – 24-3-2017

The EURJPY pair keeps its stability above 119.35 extended support, to end the negative attempts by bouncing towards 120.00, while we will keep our bullish overview as long as this support remains intact, waiting to rally towards more positive targets that start at 121.60 followed by 123.25.

We are waiting stochastic to start forming bullish wave that allows the price to gather new bullish momentum and activate the positive domination, while any attempt to settle below the current support will postpone the bullish attempts and resume the negative rebound by reaching 118.55.

Expected trading range for today is between 119.40 and 121.60

Expected trend for today: Bullish