EURJPY still slow – Analysis – 31-7-2017

The EURJPY pair did not move until this moment despite consolidating above the key support at 128.50 today, thus, we will keep waiting to gain the positive momentum that will pave the way to renew the bullish attack in the near term and medium term period until reaching the first target at 132.25, followed by waiting to reach 61.8% Fibonacci correction at 134.45.

We remind you that attempting to decline below the mentioned key support might assist to form correctional bearish bias to push the price to decline towards 126.70 followed by 125.15.

Expected trading range for today is between 128.50 and 132.25

Expected trend for today: Bullish