EURJPY provides positive signal – Analysis – 29-11-2018
Economies.com
2018-11-29 07:57AM UTC
The EURJPY pair provided positive signal by breaching the bearish channel’s resistance at 128.95, announcing its readiness to build a new bullish bias in the near and medium period, the price stability above 128.70 level, which forms the extension of the critical support and that increases the chances for surpassing 129.25 level and reaching the initial main target at 129.80 level.
The stability of the moving average 55 near the main support and stochastic rally to the overbought level forms supported factors for the suggested stage.
Expected trading range for today is between 128.70 and 129.80
Expected trend for today: Bullish
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