EURJPY attempts to keep the positivity – Analysis – 20-7-2018

The EURJPY pair suffers from the negative pressures, due to the continuation of stochastic fluctuation below 50 level, but providing a new positive close above the support at 131.00 increases the chances for resuming the bullish rally, therefore, we should be aware for the price behavior to avoid any attempt for changing the bullish trend, note that gaining a new positive momentum, to increase the chances for reaching 131.70 and 132.20.

The price surrender to the negative pressures and providing a negative close below the current support will confirm delaying the bullish attempts until testing the moving average 55 at 130.15, to repeat the attempt to reach the suggested positive targets.

Expected trading range for today is between 131.00 and 132.20

Expected trend for today: Bullish