The EURJPY threats the bearish track – Analysis – 15-3-2022
The EURJPY pair formed strong bullish rally yesterday, to press on 129.80 barrier and increase the chances of getting rid of the negative pressures and regaining the bullish bias for the upcoming period.
We recommend to stay neutral and wait to provide positive close above 129.80 to confirm moving to the bullish track, to expect targeting 130.80 initially, while crawling below 129.20 again will force the price to renew the negative attempts, to increase the chances of suffering clear losses by moving towards 28.20 and 127.60 levels.
The expected trading range for today is between 129.35 and 130.80
The expected trend for today: Neutral