EURJPY leans on the moving average positivity – Analysis – 23-6-2017

EURJPY pair kept its positive stability above the moving average 55 that forms the initial support at 123.80, to confirm the continuation of the positivity for the near term and medium term period, while the price might be forced to provide more sideways trading due to lacking the positive momentum, while gathering the positive momentum in the near term period will allow it to resume the bullish attack and touch the main targets at 125.20 and 126.10.

Stochastic attempts to hold above 50 level to increase the chances of gaining the positive momentum and confirms keeping the bullish attempts until reaching the suggested targets.

Expected trading range for today is between 123.80 and 125.20

Expected trend for today: Bullish