EURJPY tests the initial support – Analysis – 28-9-2018

The EURJPY pair succeeded to test the initial support 131.70, to form good obstacle against the temporary negative correction, to increase the chances of renewing the bullish attack, while the price needs new positive momentum to open the way to record positive targets that might start at 132.45 followed by 133.10.

We should note that attempting to crawl below the current support will support the domination of the correctional bearish bias, to expect resuming achieving the negative targets at 131.00 followed by reaching the bullish channel’s support at 130.50.

Expected trading range for today is between 131.65 and 132.45

Expected trend for today: Bullish