EURJPY settles within intraday sideways range – Analysis – 3-1-2018

The EURJPY pair was forced to provide some sideways trades recently by consolidating below 135.55 that forms intraday barrier against the bullish attack, but the stability within the bullish range along with the continuous positive signals coming by stochastic allow us to wait to rally above this barrier and resume recording targets, starting at 136.50 followed by 137.00.

We recommend waiting to achieve the required breach to avoid any unexpected intraday losses due to the stability of the intraday barrier that might force the price to move towards the initial support at 134.50.

Expected trading range for today is between 134.50 and 136.50

Expected trend for today: Bullish