EURJPY attempts to resume the bullish attack – Analysis – 29-6-2017

The EURJPY pair continues to provide new bullish trading attempting to surpass 127.80 level that forms the extension of the bullish channel's resistance, while we recommend waiting to get positive close above the current resistance to confirm keeping the bullish bias domination followed by waiting to reach 129.80 that forms 50% Fibonacci correction level as appears on chart.

Stochastic consolidation within the overbought areas increases the chances to gain new positive momentum and allow it to resume the bullish attack until achieving the waited target.

Expected trading range for today is between 127.00 and 129.80

Expected trend for today: Bullish