EURJPY gets ready to the new bullish rally – Analysis – 1-5-2017
Economies.com
2017-05-01 07:04AM UTC
The EURJPY price confirmed the continuation of the bullish bias by its move away from the initial support at 120.80, to confirm its readiness to renew the bullish attack in the near period, the stability of the moving average 55 below the current trading confirms the stability of the price within the bullish range to wait for achieving 122.90 level reaching to the top at 124.15.
Noticing the stability of stochastic within the overbought level, which increase the positive pressure, which provides new positive momentum to confirm the attempt to achieve the waited targets.
Expected trading range for today is between 120.80 and 122.90
Expected trend for today: Bullish.
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