The EURJPY awaits the break – Analysis – 29-3-2019
Economies.com
2019-03-29 08:14AM UTC
The EURJPY pair failed to resume the negative attack to be affected by the stability of 123.50 level and forming good support against the negative trades, while the price is affected by an intraday correctional wave, attempting to gather new negative momentum to increase the chances of achieving the break to reach the next target at 122.70.
In general, the price fluctuation within the bearish channel allows us to keep our negative overview, besides 124.60 forming additional barrier to decrease the chances of forming any positive rebound before reaching the mentioned target.
The expected trading range for today is between 124.60 and 122.70
The expected trend for today: Bearish
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