EURJPY seeks a chances to breach – Analysis – 11-10-2017

The EURJPY pair failed to break 132.05 support to seek new chance to regain the bullish bias by approaching from 133.10 barrier, recommending to continue monitoring the upcoming trading until confirming the trend by breaching one of the main levels to avoid any losses that might appear due to changing the main track and manage to detect the main targets for the near term and medium term period.

We remind you that succeeding to breach the current barrier will confirm regaining the bullish bias to manage to record new targets that start at 134.55, while breaking the current support will force the price to form correctional bearish trading and suffer more losses that start at 130.55 followed by 129.40.

Expected trading range for today is between 132.05 and 133.10

Expected trend for today: Neutral