EURJPY resumes the positive attack – Analysis – 13-3-2017
Economies.com
2017-03-13 08:01AM UTC
The EURJPY price managed to provide new positive close above 122.10 level, to confirm the continuation of the bullish bias domination by achieving 122.80 level, therefore, we will keep waiting for attacking the previously achieved top at 124.10, and surpassing this level will open the way towards the bullish channel’s resistance at 126.15.
We notice stochastic stability within the overbought level, which increases the chances for gathering the bullish momentum, accompanied with our bullish expectation until hitting the suggested targets.
Expected trading range for today is between 122.10 and 124.10
Expected trend for today: Bullish.
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