EURJPY prepares the bullish attack – Analysis - 20-06-2017
Economies.com
2017-06-20 07:16AM UTC
The EURJPY pair succeeded to surpass 124.40 level yesterday to keep the bullish attempts and confirm the preparation to reach new positive targets in the near term and medium term period, while we remind you that the stability of the key support 122.70 confirms blocking the price within the bullish rang, waiting to move towards 126.10 followed by extending trading towards the bullish channel's resistance around 127.50.
We notice that stochastic rallies towards the overbought areas to increase the positive pressure on the price by providing new positive momentum and eases the attempt to record the suggested targets.
Expected trading range for today is between 124.05 and 126.10
Expected trend for today: Bullish
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