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EURJPY faces positive pressures – Analysis – 19-10-2017
The EURJPY pair faced strong positive pressure yesterday to force the price to surpass 50% Fibonacci correction level around 132.15 and provide new positive close above 133.10, which contradicts with the correctional bearish attempts by attempting to regain the bullish bias again, but we need additional daily close above 132.15 to confirm the bullish release.
In case achieving the required condition, that will allow us to confirm the bullish bias domination to start recording more targets by reaching 134.55 followed by 137.00.
Expected trading range for today is between 132.15 and 134.55
Expected trend for today: Bullish
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GBPJPY attempts to regain the bullish attempts – Analysis – 19-10-2017
The GBPJPY pair showed weak negative trading by touching 146.80 level recently that formed the first correctional target, to repeat the bullish attempts by rallying above 149.10 level, while getting positive close above this barrier that represents 50% Fibonacci will confirm regaining the bullish bias to expect targeting 151.60 followed by pushing on the previously recorded top at 152.85.
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