EURJPY is unstable – Analysis – 11-9-2018

The EURJPY pair hinted its instability recently, affected by the stability of 127.85 barrier and forming positive rebound to approach the moving average 55, while the contradiction of the major indicators –stochastic attempt to provide positive momentum while the moving average 55 blocks the price within the negative range- causes the instability for now, allowing us to stay neutral.

We should note that rallying above the moving average 55 will confirm postponing the negative attack to push the price to build correctional bullish trades that might push the price to touch 130.80 followed by reaching 131.60 resistance.

Expected trading range for today is between 130.00 and 127.80

Expected trend for today: Neutral