EURJPY holds above the support – Analysis – 10-8-2017

The EURJPY pair repeated the sideways trading above the main support at 128.70, to confirm keeping the positive attempts for the upcoming period, while we notice the price fluctuation above 38.2% Fibonacci correction level – for the rise from 94.04 to 149.50 – to support blocking the price within the bullish range to keep waiting to record the main targets that start at 130.20 followed by 132.20.

Stochastic approach from 20 level supports getting rid of the negative pressures to attempt to provide new positive momentum in the near term period, to ease the attempt of rallying towards the mentioned targets.

Expected trading range for today is between 128.70 and 130.20

Expected trend for today: Bullish