EURJPY begins the breaching attempts – Analysis – 4-8-2017

The EURJPY pair didn’t succeed to record any new positive target until this moment, due to its neediness to the bullish momentum, affected by stochastic attempt to surpass the overbought level, the price might be forced to provide new sideways trading, but the stability of the support at 128.80 supports the bullish bias domination in the upcoming period, to expect resuming the bullish attack and begin recording the gains from 132.25 reaching to 134.45.

Note that the price decline below the mentioned support and providing negative close will cancel the positive overview, to begin building new bearish bias to target 126.90 reaching to 125.10.

Expected trading range for today is between 129.00 and 131.50

Expected trend for today: Bullish