EURJPY still bullish – Analysis – 17-7-2018

The EURJPY pair provided some sideways trading yesterday, preparing to get new positive momentum and use that to resume the main bullish attack soon, assuring the importance of the initial support line stability at 130.90 to avoid any attempt to change the current trend, waiting to touch 132.20 target.

Stochastic stability within the overbought areas agrees our bullish overview, to increase the chances of gathering new positive momentum in the near term period, also, we should note that breaching 132.20 will open the way to touch new positive levels that might start at 133.30.

Expected trading range for today is between 130.90 and 132.20

Expected trend for today: Bullish