EURJPY begins the bullish attack – Analysis – 10-7-2018

The EURJPY pair keeps its stability positively above the breached resistance around 129.55, to confirm its affection by the bullish bias domination, noticing recording 130.57 level now, while stochastic continuous positive momentum signals confirm the price preparation to resume the bullish attack and manage to achieve the first main target at 130.90, while surpassing this barrier will extend trades towards 132.20.

We will depend on the moving average 55 forming the initial support at 130.00 to decrease any chance to change the main trend until reaching the previously suggested main targets.

Expected trading range for today is between 130.00 and 131.00

Expected trend for today: Bullish