EURJPY begins to record the targets – Analysis – 2-1-2018

The EURJPY pair confirmed its affection by the bullish bias domination, to notice its reach to the initial main target at 135.55, the price gets its positive momentum by stochastic rally to the overbought level, which increases the possibility for breaching the current level and attempt to reach the next main target at 137.00.

The price might be forced to form some sideways trading due to the importance of 135.55 level, but the stability of the price within the bullish main channel level reinforces the bullish bias, to keep waiting for achieving the required breach then reach the next mentioned target.

Expected trading range for today is between 134.50 and 136.50

Expected trend for today: Bullish