EURJPY keeps the positive stability– Analysis – 8-1-2018
Economies.com
2018-01-08 07:59AM UTC
The EURJPY pair affected by stochastic attempt to surpass the overbought level, which forces it to delay the bullish rally and providing some sideways fluctuation as appears in the above image, note that the price stability within the bullish channel levels and the stability of the initial support at 137.00.
While the price attempt to break the initial support will confirm the bullish attack, to begin providing bearish correctional trading until testing the main bullish channel’s support at 133.75.
Expected trading range for today is between 135.50 and 137.00
Expected trend for today: Bullish
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