EURJPY approaches the target – Analysis – 28/7/2015
Economies.com
2015-07-28 07:17AM UTC
The EURJPY pair gained strong positive momentum offered by the moving average 55, to notice its approach from our waited target at 137.30, while the price current fluctuation supports the attempt of gaining new positive momentum, and we should note that breaching 137.30 level will open the way to reach more targets starting from 138.15.
Stochastic approaches from the overbought areas to add more positive pressure on the price to support the bullish overview for the upcoming period.
Expected trading range for today is between 135.90 and 137.30
Expected trend for today: Bullish
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