The EURJPY postpones the negative attack – Analysis – 10-3-2022
Economies.com
2022-03-10 03:58AM UTC
The EURJPY pair jumped bullishly yesterday to surpass 126.85 barrier, hinting postponing the negative attack by moving towards 128.45, also, stochastic rally above 50 level will increase the chances of testing the main resistance at 129.40 before recording any new negative target.
In case the price declined below 126.85 again, that will reactivate the negative track, to expect forming bearish crawl and target 125.10 followed by reaching 50% Fibonacci correction level at 123.50.
The expected trading range for today is between 129.10 and 127.25
The expected trend for today: Bullish temporarily
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