The EURJPY surrenders to the support’s strength – Analysis – 14-8-2019

2019-08-14 09:22:40 GMT (Economies.com)
 

The EURJPY pair faced strong support at 117.50, to force the price to form bullish rebound and reach 118.25 as appears on the chart, while the continuous stability of the current support will increase the chances of forming new correctional bullish trades to expect targeting 119.25 followed by 121.05 levels.

 

Stochastic attempt to rally above 50 level supports the bullish overview by providing new positive momentum to ease the mission of reaching the mentioned correctional stations.

 

The expected trading range for today is between 118.00 and 120.65

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1016
-0.0019
0.1726%
1.3026
-0.0056
0.4307%
Tadawul
8160.65
-17.82
0.22%
18.027
-0.076
0.423%
53.195
-1.077
1.985%
59.34
-0.02
0.03%
1578.090
7.460
0.475%
 
 
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