EURJPY fluctuates within the bullish range – Analysis – 28-12-2017

The EURJPY pair repeated the sideways trades, while the stability within the bullish channel allows us to wait to gather the positive momentum that allows the price to reach the next positive target at 135.55, also, we should note that surpassing the mentioned target will reinforce the bullish attempts to move towards 137.00 followed by reaching the bullish channel's resistance at 139.25.

Stochastic fluctuation below 50 level forms the main factor of the price affection by the intraday sideways bias domination, but that will pave the way to gather the positive momentum in the near term period and start achieving the waited targets.

Expected trading range for today is between 133.80 and 135.55

Expected trend for today: Bullish