EURJPY still bullish – Analysis – 17-3-2017
Economies.com
2017-03-17 08:52AM UTC
The EURJPY pair provided new positive close above 121.20 support, to extend trading towards 122.10 and confirms the affection by the bullish bias for the upcoming trading, thus, we will keep waiting to reach our previously suggested targets at 122.80 followed by 124.05.
We remind you that attempting to get negative close below the current support line will cancel the bullish overview for the near term and medium term period and move to suffer losses by heading towards the moving average 55 at 120.25, with chances to move towards 38.2% Fibonacci level at 119.50.
Expected trading range for today is between 121.20 and 122.80
Expected trend for today: Bullish
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