EURJPY fails to confirm the breach – Analysis – 15-3-2018
Economies.com
2018-03-15 08:14AM UTC
The EURJPY pair price didn’t succeed to confirm breaching the barrier at 132.20, which forces it to form an intraday negative rebound as appears in the above image, we return to prefer the sideways bias domination by the price confinement between the current barrier and 129.75 support.
Stochastic surpass to the overbought level forms main factor to delay the bullish rally by providing an intraday negative momentum, which makes us wait for the price to surpass one of the main mentioned levels, to detect the main targets in the upcoming period.
Expected trading range for today is between 132.20 and 129.75
Expected trend for today: Sideways
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