EURJPY approaches from the support – Analysis – 10-1-2018

The EURJPY pair confirmed delaying the bullish attempts by providing new negative close below 135.50 level, to keep providing negative trading by its approach from the  bullish channel’s support at 133.75, the upcoming scenario depends on the strength of the current support to expect renewing the bullish attempts in the upcoming period and begin recording some positive targets by reaching 135.55.

While the continuation of the negative pressures that come from stochastic by reaching the oversold level might force the price to break the current support and exit the bullish channel levels, to expect suffering big losses that might begin at 132.25.

Expected trading range for today is between 135.00 and 133.75

Expected trend for today: Bearish