The moving average supports the EURJPY positivity – Analysis – 30/7/2015

Economies.com
2015-07-30 07:19AM UTC

The EURJPY continued to show some negative attempts yesterday to reach 136.00 level, facing the moving average as appears on chart, thus, we will keep the bullish overview for the upcoming period as long as the mentioned level remains intact, waiting to reach 137.30 level as a first positive target for the near term trading.

 

Note that attempting to settle below the moving average 55 will cancel the bullish overview and push the price to form new negative waves to target 135.50 level initially.

 

Expected trading range for today is between 136.00 and 137.30

 

Expected trend for today: Bullish

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