EURJPY affected by intraday negativity – Analysis – 15-3-2017

The EURJPY price forced to provide an intraday negative trading by its decline below 122.10 level to delay the bullish attempts, waiting for testing the support at 121.20, note that the stability of the price within the main bullish channel’s levels makes us wait for hitting the mentioned support then wait until forming a new bullish attack, targeting 122.80 level reaching to the stop at 124.10.

All that confirm the continuation of the positivity in the upcoming trading, note that the intraday negative fluctuation caused by surpassing the overbought level, which will open the way towards gathering new bullish momentum that confirms the bullish bias domination mainly on the upcoming trading.

Expected trading range for today is between 121.20 and 122.80

Expected trend for today: Fluctuated