No change for EURJPY – Analysis – 7-8-2017

There is no change for EURJPY pair until this moment affected by stochastic negativity, which approaches currently from 50 level, reminding you that the bullish scenario depends on the strength of the support at 128.70, and 50% Fibonacci correction level at 129.80 forms an initial support that makes us wait for gathering the bullish momentum by recording the main targets by reaching 132.25 and 134.45.

Note that the price attempt to decline below the initial support, so that will delay the bullish attempts, which forces it to form bearish correctional trading until testing the mentioned main support.

Expected trading range for today is between 129.80 and 132.25

Expected trend for today: Bullish