EURJPY moves towards the main support – Analysis – 9-8-2017

Economies.com
2017-08-09 07:22AM UTC

The EURJPY pair surrendered to the negative pressures yesterday provided by stochastic due to its move towards 20 level, to postpone the bullish attempts and notice its approach from the main support at 128.70.

 

We remind you that the stability of the main support forms main factor to confirm the domination of the bullish bias for the upcoming period, waiting to gain new positive momentum and repeat the attempts to reach 130.20 followed by 132.25 levels.

 

Expected trading range for today is between 128.70 and 130.20

 

Expected trend for today: Bullish

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