EURJPY prepares to resume the negative attack – Analysis – 19-3-2018

The EURJPY pair did not get enough of testing 129.75 support, to notice crawling below this level recently, confirming its surrender to the negative pressure, while the current losses might extend towards 38.2% Fibonacci correction at 128.80 to allow us monitoring the price behavior to detect the main targets for the upcoming period.

In case the price gathered new negative momentum and broke 128.80 level, that will open the way to resume the bearish attack to manage to reach 50% Fibonacci correction level at 16.20.

Expected trading range for today is between 130.30 and 128.80

Expected trend for today: Fluctuated negatively