EURJPY moves towards the first target – Analysis – 1-3-2018
Economies.com
2018-03-01 07:47AM UTC
The EURJPY pair succeeded to resume the bearish attack to notice reaching the first main target at 130.00, while facing 50% Fibonacci correction now might force the price to provide some sideways trading until gathering additional negative momentum to ease the attempt to resume the bearish attack and reach our targets at 129.10 followed by 128.25.
We notice stochastic attempt to crawl towards the oversold areas to provide the price with strong negative momentum and manage to resume the negative attack to reach our targets.
Expected trading range for today is between 130.80 and 129.10
Expected trend for today: Bearish
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