EURJPY retains the bullish attempts – Analysis – 25-4-2017

The EURJPY pair leans on the moving average 55 at 119.30 since showing bullish gap, to form initial support and support the continuation of the positivity for the upcoming period, but the main focus will be blocking the price within the bullish channel's lines, especially the stability of 117.50 support line, to expect resuming the bullish attack and target 120.70 followed by 122.80 in the upcoming period.

Stochastic stability within the overbought areas agrees our bullish overview by providing new positive momentum, forcing the price to resume the bullish attack until reaching the waited targets.

Expected trading range for today is between 118.60 and 120.70

Expected trend for today: Bullish