EURJPY is confined again – Analysis – 14-12-2018
Economies.com
2018-12-14 09:39AM UTC
The EURJPY pair didn’t succeed to resume the bullish attack by facing new resistance at 129.25, to force the price to form strong negative rebound by reaching 128.20 level, noticing that the price is confined within a triangle that allows us to expect the continuous fluctuation between the mentioned resistance and 127.80 support.
Therefore, we recommend monitoring the price behavior and waiting to surpass one of the major levels to manage to detect the main targets of the upcoming period.
Expected trading range for today is between 128.80 and 127.80
Expected trend for today: Neutral
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