EURJPY faces historical support extension– Analysis – 9-5-2018

The EURJPY pair ended its negative attack by facing strong historical support at 129.25, which forces it to form an intraday bullish rebound as appears in the above image, the continuation of this support will end the negative suggestion, to expect the price attempt to gather new positive momentum that allows it to form new bullish trading, targeting 131.00 reaching to 132.20 level in the upcoming period.

By the above image, we notice stochastic attempt to reach the oversold level that confirms surpassing the negative pressures, to increase the chances for gathering the positive momentum, accompanied by the attempt of building bullish trading in the current period.

Expected trading range for today is between 129.25 and 131.00

Expected trend for today: Bullish