EURJPY keeps the positivity – Analysis – 13-7-2018

The EURJPY pair provided some sideways fluctuations yesterday to settle above 130.90 level, which forms the initial support against the bullish attempts, expecting to gather new positive momentum by forming strong bullish rally to get rid of the initial obstacle represented by 131.90 level followed by attempting to reach the first main target at 132.20.

Stochastic stability within the overbought areas increases the chances of gathering the positive momentum and supports renewing the bullish attack until reaching the suggested targets.

Expected trading range for today is between 130.90 and 131.90

Expected trend for today: Bullish