EURJPY provides new positive signal – Analysis – 12-7-2018

The EURJPY pair showed new positive signal by surpassing 131.00 level recently and provided positive close that confirms the preparation to resume the main bullish attack, which confirms the attempt to move towards the initial target at 131.90, while the continuous positive pressures will allow the price to attack 23.6% Fibonacci correction level at 132.20.

Stochastic continuous fluctuation within the overbought areas agrees our bullish overview, to continue providing the required positive momentum to resume the bullish attack.

Expected trading range for today is between 130.90 and 131.90

Expected trend for today: Bullish