EURJPY revives again – Analysis – 14-8-2017

The EURJPY pair succeeded to get rid of the negative pressure to keep its stability above 128.35 support again, renewing forming some bullish attempts as appears on chart, which allows us to suggest the bullish bias domination again to attempt to push on 131.30 barrier again followed by attempting to reach the next positive target at 132.20.

Stochastic exit from the oversold areas confirms getting rid of the negative pressures to allow the price to gather new positive momentum to assist to attempt to reach the suggested targets.

Expected trading range for today is between 128.80 and 131.30

Expected trend for today: Bullish