EURJPY settles within the bullish range – Analysis – 11-5-2018
Economies.com
2018-05-11 10:09AM UTC
The EURJPY pair did not succeed to touch the first positive target at 131.00 yesterday, to form new negative rebound as appears on the chart, but the price stability above the key support 129.30 reinforces our bullish overview for the upcoming period, waiting to breach 131.00 level to open the way to achieve more targets that start at 132.20.
We notice stochastic rally above 50 level to decrease the negative pressures on the price and provide the price with new chance to gather the positive momentum until achieving the required breach.
Expected trading range for today is between 129.80 and 131.00
Expected trend for today: Bullish
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