EURJPY is limited – Analysis – 10-4-2017

The EURJPY pair was forced to show sideways trading recently to notice its consolidation around 117.90 level, at the middle of the main levels represented by 118.55 resistance and 117.00 support, also, the contradiction of the main indicators that appear on chart supports the sideways domination, to show more fluctuations between the main levels and wait to provide new signal to manage to detect the next trend.

As for now, we will keep expecting to renew the correctional bearish attempts that target the main support at 117.00, while attempting to surpass 118.55 will bring the price back to the bullish range and expect to form strong positive attempt, targeting 120.00 as a first positive target.

Expected trading range for today is between 118.55 and 116.90

Expected trend for today: Bearish