EURJPY needs to surpass – Analysis – 10-1- 2017

In spite of the EURJPY price stability below the main resistance at 124.10, but we couldn’t confirm the continuation of the negativity if the price remained stable at 121.60, therefore, we recommend waiting for breaking this support, to wait for reaching the negative targets at 120.00 and 118.60.

The price affected by clear contradiction between the main indicators until this moment, and waiting for surpassing the main levels is important for avoiding any losses that might cause by changing the main trend.

Expected trading range for today is between 123.30 and 121.60

Expected trend for today: sideways