EURJPY shows weak moves – Analysis – 12-12-2017

The EURJPY pair still stuck within tight track affected by the stability of 134.50 barrier to block the waited bullish release, which allows us to suggest the domination of the sideways bias for the near term period until achieving the required breach followed by waiting to reach the previously suggested targets at 135.35 followed by 137.00.

The stability of the main bullish channel's support at 132.10 confirms blocking the price within the bullish range, to increase the chances of gathering the positive momentum and achieve the required breach.

Expected trading range for today is between 132.60 and 134.50

Expected trend for today: Bullish