EURJPY keeps the positivity – Analysis – 6-1-2017

In spite of the EURJPY price affection by some negative pressure, but its stability above the support at 120.60 forms the main factor that confirms the waited positivity, therefore, we will keep waiting for the price to gain the positive momentum, activating the bullish attack that targets 122.90 level as a first positive station.

Note that the price attempt to decline below the mentioned support will delay the bullish overview, affected by a new bearish correctional bias to target 119.80 level initially reaching to 38.2% Fibonacci correction level at 118.60.

Expected trading range for today is between 120.60 and 122.90

Expected trend for today: Bullish.