EURJPY provides positive signal – Analysis – 15-5-2018

The EURJPY pair attempted to provide new positive trading by its rally above 131.00 level attempting to surpass any barrier against resuming the bullish attack, stochastic stability within the overbought level agrees with the bullish suggestion by providing extra positive momentum, to increase the chances for the price rally towards achieving the main targets at 131.60 and 132.20.

While the price failure to achieve new positive close above 131.00 level will confirm delaying the bullish rally, which forces it to provide an intraday negative rebound until testing 1300.00 level.

Expected trading range for today is between 130.60 and 131.60

Expected trend for today: Bullish