EURJPY prepares to resume the bullish attack – Analysis – 26-6-2017

The EURJPY pair succeeded to gather new positive momentum on Friday due to its frequent stability above the moving average 55 besides stochastic reach towards the overbought areas, while forms main factors to confirm the continuation of the positivity to except to rally towards 125.20 in the near period, while breaching it will open the way to reach the second target at 126.10.

We remind you that it is important to hold above the moving average 55 that forms initial support at 123.90 to avoid any attempt to form correctional bearish bias that might lead to sudden losses before reaching the main waited targets.

Expected trading range for today is between 123.90 and 126.10

Expected trend for today: Bullish