The EURJPY tests the additional support – Analysis – 17-3-2021

Economies.com
2021-03-17 06:23AM UTC

The EURJPY pair touched 129.50 level yesterday, to test the additional support and notice its rebound towards 129.90, to reinforce our bullish overview and keep waiting to record the main targets at 130.30 and 130.75.

 

Note that stochastic exit from the overbought areas might force the price to provide some sideways fluctuation until gathering the positive momentum followed by waiting to reach the mentioned positive stations.

 

The expected trading range for today is between 129.50 and 130.75

 

The expected trend for today: Bullish

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