EURJPY prepares to resume the positivity – Analysis – 8-11-2018

The EURJPY pair formed some of the sideways fluctuated moves due to facing 130.15 level, which forms an intraday barrier against the bullish attack, forming an extra support at 129.55 level make us expect renewing the bullish attempts to surpass the sideways barrier, reaching to the minor bullish channel’s resistance at 130.55.

The stability of the moving average 55 below the price trading confirms the price confinement within the bullish range, besides stochastic fluctuation near 80 level that eases the way for gaining new positive momentum, to increase the chances for reaching the suggested target.

Expected trading range for today is between 129.55 and 130.55

Expected trend for today: Bullish