EURJPY heads to provide bullish attack – Analysis – 25-9-2018

The EURJPY pair formed a minor bullish channel in the last period, to increase the chances for forming a bullish attack by its stability above the initial support at 131.65, the intraday sideways trading caused by the contradiction between the main indicators, to expect the continuation of the price affection by the intraday sideways until gathering the positive momentum.

Note that the price success to gain the positive momentum, so that will reinforce the bullish bias domination, increasing the possibility to achieve several targets by reaching 133.40 and 134.35, to hit the bullish channel’s resistance that appears in the above image.

Expected trading range for today is between 132.10 and 133.40

Expected trend for today: Bullish