EURJPY seeks exit – Analysis – 4-10-2017

The EURJPY pair repeated the sideways and tight trading due to moving between 133.10 initial resistance and 132.05 key support, thus, we will stay neutral until breaching one of the main levels to manage to detect the main targets for the near term and medium term period.

We remind you that succeeding to breach the initial resistance will confirm the continuation of the positive domination to rally towards achieving new positive targets that start at 134.35, while declining below the current support will force the price to form correctional bearish bias and suffer losses that start at 130.55 followed by 129.40.

Expected trading range for today is between 132.05 and 133.10

Expected trend for today: Neutral