EURJPY without any new – Analysis – 29-12-2017

The EURJPY pair was forced to show more sideways trades despite its stability within the main bullish channel, due to the continuous contradiction between the major indicators, while the price stability above the initial support at 133.80 allows us to wait to gather the positive momentum in the near term period followed by attacking the initial barrier at 135.55, followed by waiting to achieve the required breach and reach the next main target at 137.00.

Any attempt to fluctuate below the initial support will pave the way to build correctional bearish trades to attempt to test the main support of the bullish channel at 132.80 followed by starting to form the waited positive trades.

Expected trading range for today is between 133.80 and 135.55

Expected trend for today: Bullish