No change to the EURJPY – Analysis – 18-7-2018

The EURJPY pair was forced to show some intraday rebound by moving towards 131.50 level, affected by stochastic attempt to exit the overbought areas, assuring the importance of the stability of 131.00 support line today to confirm the continuation of the positivity, to increase the chances of rallying towards 132.20 that represents the first main target.

We should note that any attempt to crawl below the current support might force the price to postpone the bullish attack and push the price to provide correctional bearish trades to target 130.35 followed by 129.60 levels.

Expected trading range for today is between 131.00 and 132.20

Expected trend for today: Bullish