EURJPY affected by the indicators’ contradiction – Analysis – 20-9-2018
Economies.com
2018-09-20 06:54AM UTC
The EURJPY pair continued to provide sideways fluctuation due to the continuous contradiction between the major indicators, while the stability of 129.90 support confirms the preparation to resume the correctional bullish attack in the medium term period that mainly targets 132.20 resistance.
On the other hand, crawling below the mentioned support will cancel the positive overview to force the price to form strong negative rally and move towards 38.2% Fibonacci correction level at 128.85.
Expected trading range for today is between 130.80 and 132.20
Expected trend for today: Bullish
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