EURJPY consolidates within the positive range – Analysis – 27-4-2017

Despite the EURJPY pair fluctuation within intraday sideways range yesterday, but its consolidation above 120.80 level supports the continuation of the positivity for the near term and medium term period, thus, we will keep waiting to gather new positive momentum that allows it to surpass 122.90 level and move towards the next positive target at 124.15.

In general, the stability within the bullish channel besides stochastic consolidation within the overbought areas form main factors to confirm the bullish trend and ease the attempt to achieve our waited targets.

Expected trading range for today is between 120.80 and 124.15

Expected trend for today: Bullish