EURJPY fluctuates above the support – Analysis – 31-12-2018
Economies.com
2018-12-31 08:00AM UTC
The EURJPY pair was forced to form new sideways trading due to the continuous contradiction of the major indicators, to settle around 126.20 level, while we should note that the stability of 125.50 support confirms the preparation to form new positive trades, to target 127.20 followed by 128.25 levels and press on the barrier that appears on the chart.
Therefore, we will keep our bullish overview unless breaking the mentioned support, as it will attempt to change the trend and provide new chances to target new negative levels that might start at 124.20.
Expected trading range for today is between 125.50 and 127.20
Expected trend for today: Bullish
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