EURJPY keeps the bullish attempts – Analysis – 5-6-2017

In spite of the stability of the price neutrally in Friday, but its stability above the critical support at 121.70 level confirms the continuation of the positivity in the upcoming period, and 124.00 level forms an initial support makes us wait for resuming the bullish attack, targeting 126.10 level initially reaching to the extension of the bullish channel’s resistance at 127.25.

Stochastic fluctuation near 80 level might force the price to form an intraday sideways trading until gathering the bullish momentum, to reach the mentioned positive targets.

Expected trading range for today is between 124.00 and 126.10

Expected trend for today: Bullish