The EURJPY hits the target – Analysis – 4-3-2022
Economies.com
2022-03-04 07:24AM UTC
The EURJPY pair ended its recent negative rally by achieving the main target at 126.85, which forms historical support that interprets the reasons of the correctional bullish rebound towards 127.25.
The upcoming scenario depends on the strength of the current support, to expect forming positive trades that might target 128.20 followed by 129.00 levels, while declining below the support and getting continuous negative closings will open the way to target new negative levels that might extend towards 126.05 and 125.10 levels.
The expected trading range for today is between 126.80 and 128.20
The expected trend for today: Bullish
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