The EURJPY records new targets – Analysis – 1-3-2019

The EURJPY pair surpassed the sideways bias domination by surpassing the barrier at 120.20, to notice recording new targets by reaching 127.15, the stability of the moving average 55 below the current trading confirms the price confinement within the bullish range, to expect targeting 128.05 level in the near period, and the continuation of the positive pressures will allow it to reach 38.2% Fibonacci correction level at 128.85.

Stochastic reach to the overbought level reinforces our bullish suggestion by providing a strong positive momentum, to increase the chances to the reach the suggested positive targets.

The expected trading range for today is between 126.50 and 128.05

The expected trend for today: Bullish