No change to the EURJPY track – Analysis – 17-1-2018
Economies.com
2018-01-17 08:02AM UTC
The EURJPY pair repeated the intraday sideways trades to notice its frequent consolidation around 135.50 level despite the absence of any obstacle against the bullish release, thus, we will keep our bullish overview and wait to form positive rally to target 137.00 followed by 138.90 levels in the upcoming period.
Stochastic stability within the overbought areas reinforces the bullish overview by providing the continuous positive momentum, also, the price consolidation within the bullish channel besides 134.00 level forming the main support extension confirms blocking the price within the bullish range until achieving the suggested targets.
Expected trading range for today is between 135.00 and 137.00
Expected trend for today: Bullish
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