EURJPY affected by the contradiction of the indicators – Analysis – 15-6-2017

The EURJPY pair affected by the contradiction by the main indicators, which forces it to provide some sideways fluctuation by its stability near the initial support at 122.60, while the price decline below the current support so that will delay the bullish rally on the intraday basis until testing the extension of the critical support at 121.55, then attempts to renew the waited bullish attack.

While its success to gather the positive momentum will provide good chance to resume the bullish attack, which extend the trading to 124.40 reaching to 126.10 level that forms the main target in the near and medium period.

Expected trading range for today is between 121.55 and 124.40

Expected trend for today: fluctuated within the bullish range.