EURJPY tests the bullish attempts – Analysis – 22-6-2017

The EURJPY price continued to provide repeated positive closes above 123.80 level, to shrink the possibility of forming bearish correctional bias, to keep the expected positive stability, we wait for gathering the positive momentum in the current trading, which allows it to resume the bullish attack and begin recording the targets by reaching 125.20 and 126.10.

Stochastic surpass to the overbought level might force the price to provide intraday sideways trading but that will increase the chances for gathering the bullish momentum and reaching the suggested targets.

Expected trading range for today is between 123.80 and 125.20

Expected trend for today: Bullish