EURJPY fluctuates within the bullish level- analysis- 3/8/2015
Economies.com
2015-08-03 08:30AM UTC
The EURJPY pair rallied in Friday trading to approach from the waited target at 137.60 to bounce negatively sue to its neediness for the bullish momentum, currently we will keep the bullish suggestion by holding above 135.50, to wait for breaching 137.30 level, then hitting 50 % Fibonacci correctional level at 138.20.
We remind you that the waited target at 138.20 as long as the main obstacle against the bullish attempts in the previous period, to monitor the price behavior according to this level to detect the futuristic targets, to avoid any unexpected contrary fluctuation.
Expected trading range is between 135.50 and 138.20
Expected trend for today: bullish
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