EURJPY holds above the moving average – Analysis – 29-8-2018
Economies.com
2018-08-29 06:39AM UTC
The EURJPY pair kept its positive stability above the moving average 55 that supports the stability of the key support line at 128.80, thus, we will keep our bullish overview that targets 131.10 level mainly, followed by reaching 23.6% Fibonacci correction level at 132.20.
Stochastic continuous fluctuation within the overbought areas confirms keeping the bullish attempts, to expect gathering new positive momentum followed by starting to form new bullish trades to manage to achieve our targets.
Expected trading range for today is between 129.45 and 131.10
Expected trend for today: Bullish
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