No escape to resume the EURJPY positivity – Analysis – 16-7-2018

Economies.com
2018-07-16 07:00AM UTC

The EURJPY pair repeated the positive trading by consolidating above 130.90 level, to support the domination of the bullish bias and increase the chances of recording additional targets in the near term and medium term period, while stochastic stability within the overbought areas increases the chances of gathering new positive momentum to keep waiting to touch the first target at 132.20, while surpassing this barrier will confirm the preparation to achieve additional targets in the upcoming period.

 

Expected trading range for today is between 130.90 and 132.20

 

Expected trend for today: Bullish

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