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GBPJPY repeats fluctuating below the barrier – Analysis – 29-3-2018
The GBPJPY pair continued to provide new sideways trades below 150.80 barrier, to increase the chances of forming negative trades in the near term and medium term period, while confirming the negativity requires crawling below the moving average 55 to ease the attempt to reach 149.00 level that forms the first negative target.
In case the current resistance was breached and we got a positive close above it, that will open the way to form new bullish attack and target positive levels that start at 151.90 followed by 152.80.
Expected trading range for today is between 150.80 and 149.00
Expected trend for today: Bearish
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EURJPY keeps the negativity – Analysis – 29-3-2018
The EURJPY pair provided new positive close above the moving average 55 that forms initial support around 131.00, confirming the affection by the bullish bias, while stochastic approach to 80 level eases the attempt to gather the required positive momentum to resume the bullish attack and wait to reach 132.20.
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EADs shares price (Airbus) showed clear stability above the initial support at 91.60, confirming keeping the bullish bias domination, also, the price stability within the bullish channel increases the chances of gathering the bullish momentum in the near term period, to start forming new bullish trades and target 98.40 followed by 102.10 levels.
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