EURJPY keeps the positive stability – Analysis – 16-8-2017
Economies.com
2017-08-16 07:56AM UTC
The EURJPY pair settles positively until today above the key support 128.30, to support the domination of the bullish bias for the upcoming trading, also, the consolidation of the moving average 55 below the key support assists to confirm blocking the price within the bullish range, to keep waiting to reach the main targets at 132.20 followed by 134.50.
Stochastic stability within the overbought areas increases the positive pressures on the price, to open the way to gain new positive momentum and resume recording the main targets.
Expected trading range for today is between 128.80 and 132.30
Expected trend for today: Bullish
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