EURJPY repeats the positive closes – Analysis – 23-4-2018

The EURJPY pair keeps fluctuating above the extension of the breached resistance, to form a new support level at 127.20, which makes us keep preferring the bullish attempts, the price should surpass 38.2% Fibonacci correction level at 128.83, to confirm its readiness to renew the bullish attack in the upcoming period and targeting new levels that begin at 130.00 and 131.00.

Stochastic keeps providing the positive momentum by its stability within the overbought level, which increase the chances for surpassing the mentioned barrier. 

Expected trading range for today is between 127.30 and 128.83

Expected trend for today: Bullish