EURJPY attracted to the initial support – Analysis – 29-12-2016
Economies.com
2016-12-29 07:48AM UTC
The EURJPY price formed strong bearish wave that allows it to achieve the first target at 121.60, attempting to surpassing the dominant sideways range, reminding you that breaking this level important to open the way for resuming the bearish correctional bias, to target 120.00 level reaching to the main target at 118.60.
Stochastic attempt to settle below 50 level reinforces the bearish suggestion, to increase the chances for surpassing the current support to wait for reaching the suggested targets.
Expected trading range for today is between 122.40 and 120.00
Expected trend for today: Bearish
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