The EURJPY faces a difficulty to resume the positive correction – Analysis – 9-9-2019
Economies.com
2019-09-09 06:35AM UTC
The EURJPY pair failed to surpass the barrier at 118.50 in Friday’s trading, to form an obstacle against the bullish correctional attempts, to rebound towards 117.70 level as appears in the above image.
But the repeated stability above the support level at 116.50 and continuation of stochastic fluctuation near 80 level, which form supported factors for the bullish attempts, to keep waiting for forming a new bullish attack, which allows it to surpass the current barrier then rally towards the next correctional target at 120.00.
The expected trading range for today is between 117.25 and 118.50.
The expected trend for today: Bullish
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