EURJPY attempts to resume the bullish attack – Analysis – 15-1-2018
Economies.com
2018-01-15 07:33AM UTC
The EURJPY pair repeated the sideways trading recently by facing 135.50 level, which formed barrier against the last bullish attack, but the price consolidation within the bullish channel and stochastic approach to 80 level confirm the attempt to gather new positive moment, waiting to achieve the required breach followed by reaching 135.55 then 137.00 levels.
We should note that the stability of the current barrier might postpone the bullish attack with chances to provide some negative correctional trades that might force the price to test the main support at 133.80.
Expected trading range for today is between 134.35 and 135.55
Expected trend for today: Bullish
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