EURJPY attempts to resume the bullish attack – Analysis – 2-8-2017

The EURJPY pair ended yesterday by recording 131.10 level, hinting the affection by the bullish bias domination, while we expect the price to move near 132.25 that forms the first target of the bullish bias, and the continuous positive pressure will allow the price to resume the bullish attempts until achieving the next main target at 134.45.

Stochastic attempt to form new positive wave reinforces the bullish bias domination, to provide the price with new momentum that increases the chances of reaching the main targets in the near term period.

Expected trading range for today is between 130.50 and 132.25

Expected trend for today: Bullish