EURJPY needs additional momentum – Analysis – 19-9-2018

The EURJPY pair was forced to provide intraday sideways trading by consolidation around 131.10 level, affected by stochastic negativity that contradicts with the positive stability, while in general, we will continue to suggest the bullish attempts due to the price consolidation above 129.90 support, to expect gathering the required momentum to resume its bullish attack until testing the key resistance at 132.20.

Note that there is a chance to form additional support at 130.80 to increase the chances of renewing the bullish attempts, to keep waiting reaching the waited target.

Expected trading range for today is between 130.80 and 132.20

Expected trend for today: Bullish