EURJPY in its way to resume the bullish attack– Analysis – 23-10-2017

The EURJPY pair formed some sideways fluctuation by its stability near 133.80 level, but its move away from the critical support at 132.15 confirms the domination of the bullish bias in the near and medium period trading, we wait for surpassing the initial barrier at 134.55 level, to confirm its readiness to resume the bullish attack and reaching the next main target at 137.00.

The price gets strong positive momentum by stochastic stability within the overbought level, to ease the attempt of surpassing the mentioned barrier then begin to achieve the main targets.

Expected trading range for today is between 133.10 and 134.55

Expected trend for today: Bullish