EURJPY without any change – Analysis – 12-6-2017

The EURJPY pair did not reach any new level until this morning, affected by stochastic positivity that consolidates above 50 level now, but the solid obstacle formed by 124.40 level against the recent trading allows us to continue suggesting the correctional bearish bias that targets 121.65 level, to face the moving average 55.

We remind you that rallying above 124.40 level and providing positive close above it will confirm regaining the bullish bias and force it to provide bullish attack to target 126.10 initially, followed by reaching the bullish channel's resistance around 127.35.

Expected trading range for today is between 124.40 and 121.65

Expected trend for today: Bearish