The EURJPY ended the bullish rebound – Analysis – 16-9-2019

Dixons shares price confirmed the continuation of the bullish bias domination by forming a bullish wave recently, to press on the initial barrier at 124.00, and the stability of the trading above the moving average 55 makes us expect renewing the bullish attempts until breaching the current barrier, to begin recording several positive targets by its rally to 126.10 and 131.35.

The Japanese index price succeeded to form a strong bullish rally in the last period, to surpass the extra resistance that is located at 21445, to begin recording several targets by hitting 22085 level, by the above image, we notice the stability of the price within the bullish channel levels makes us prefer more of the positive trading, targeting 22275 and 22460 level.

The AUDCHF price forced to form several sideways trading in spite of its stability above the critical support at 0.6750, affected by the continuation of the main indicators contradiction, to need positive momentum, we should note that the stability of the mentioned support is important to reinforce the bullish attempts, to wait for gathering the positive momentum, which allows it to reach the positive stations at 0.6835 and 0.6890.