EURJPY provides positive signal – Analysis – 12-10-2017

The EURJPY pair managed to gather new bullish momentum that push it to surpass the barrier at 133.10, which assists to confirm regaining the bullish bias, note that the stability of the price above 50% Fibonacci correction level forms an extra factor to confirm the bullish attempts, to expect reaching 134.55 then wait for its rally to 137.00, which forms the next main station of the bullish bias.

Stochastic reach to the overbought level reinforces the bullish suggestion by providing extra momentum, to ease the attempt of achieving the suggested targets.

Expected trading range for today is between 132.80 and 134.55

Expected trend for today: Bullish