EURJPY affected by the indicators' contradiction – Analysis – 14-12-2017

The EURJPY pair decided to surrender to the sideways bias domination for the near term trading due to the continuous contradiction between the major indicators, forcing the price to consolidate around 133.50 level, reminding you that resuming the bullish attack needs to breach 134.50 barrier to open the way to record more positive targets that start at 135.55.

On the other hand, declining below the bullish channel's support and getting new negative close will confirm the domination of the bearish bias for the upcoming trading, expecting to suffer big losses by moving towards 130.90 followed by 129.75 levels.

Expected trading range for today is between 132.60 and 134.50

Expected trend for today: Fluctuated within the bullish range