EURJPY touches the first target – Analysis – 14-11-2018

The EURJPY pair succeeded to form new bullish rally yesterday, to achieve the first target at 128.85, noticing that the price faces the moving average 55 to form intraday sideways fluctuation that allows us to wait to get new positive momentum and manage to surpass the current barrier, followed by resuming achieving gains by reaching 129.50 followed by 130.00.

We should note that the continuous fluctuation below 128.90 barrier will increase the chances of the sideways bias domination, to expect the price move between the initial support 128.30 and 128.90.

Expected trading range for today is between 128.50 and 129.50

Expected trend for today: Bullish