The EURJPY presses on the moving average – Analysis – 14-3-2019

The EURJPY pair confirmed its affection by the bullish bias domination by forming a bullish wave recently, to press on the moving average 55 that is located at 126.30, to avoid any losses that might cause by the sideways fluctuation we recommend waiting for achieving the required breach and providing a positive close above the current barrier, to confirm its readiness to achieve extra targets that might begin at 127.50 reaching to 128.80 in the upcoming period trading.

Stochastic keeps forming bullish waves to attempt to settle within the overbought level, to confirm the continuation of the positivity by providing a new positive momentum in the near period.

The expected trading range for today is between 125.80 and 127.50

The expected trend for today: Bullish