EURJPY under the sideways range domination – Analysis – 27-12-2017

The EURJPY pair surrendered to the sideways bias domination recently despite its consolidation within the bullish channel, affected by the major indicators' contradiction, expecting to renew the sideways trading in the near term period until gathering new bullish momentum that allows the price to resume achieving the targets, by moving towards 135.55 followed by 137.00.

We should note that attempting to crawl below 133.80 level might force the price to suffer some losses to renew the attempts to test the bullish channel's support at 132.90, followed by starting to provide new bullish trades to reach the above mentioned main targets.

Expected trading range for today is between 133.80 and 135.55

Expected trend for today: Bullish