EURJPY awaits the breach – Analysis – 3-10-2017

No news for the EURJPY pair that keeps providing sideways trading and repeat the fluctuation around 132.05 support, while the sideways trading is caused by 133.10 level forming clear barrier against the bullish release, expecting the price to be affected by the sideways bias domination until breaching one of the main levels.

We remind you that breaching 133.10 barrier will confirm the bullish bias domination to rally towards achieving new positive targets that start at 134.35, while declining below the current support will force the price to form correctional bearish bias to suffer losses that start at 130.55 followed by 129.40, thus, we recommend to stay aside until confirming the next trend.

Expected trading range for today is between 132.05 and 133.10

Expected trend for today: Neutral