EURJPY threatens the main support – Analysis – 11-1-2018

The EURJPY pair didn’t get enough by its bearish correctional trading by testing the main bullish channel’s support at 13.75, to notice recording 133.05 level threatening the positive stability, therefore, we will suggest the neutrality for today, to wait the next daily close, to detect the main targets in the upcoming trading.

Note that providing new positive close above the current support will increase the possibility of renewing the bullish attack, targeting 135.55 level initially, while providing negative close below the current support will make us prefer the bearish bias domination, and 132.25 level forms the initial negative target.

Expected trading range for today is between 133.00 and 134.55

Expected trend for today: neutral