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EURJPY keeps the negativity – Analysis – 29-3-2018
The EURJPY pair provided new positive close above the moving average 55 that forms initial support around 131.00, confirming the affection by the bullish bias, while stochastic approach to 80 level eases the attempt to gather the required positive momentum to resume the bullish attack and wait to reach 132.20.
The continuation of the positive pressures might push the price to surpass the targeted level to achieve more positive targets by reaching 132.80 followed by threating the stability of 50% Fibonacci correction level at 133.20.
Expected trading range for today is between 131.00 and 132.20
Expected trend for today: Bullish
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