EURJPY hints postponing the negative attack – Analysis – 6-9-2018

The EURJPY pair was affected by clear positive pressures, which forced it to settle above 38.2% Fibonacci correction level at 128.80, noticing its rally above the moving average 55, expecting to move within sideways range represented by 128.80 support and 131.15 resistance.

To avoid any losses that might appear due to the price fluctuation between these levels, we recommend staying neutral and monitoring the price behavior until surpassing one of these levels followed by detecting the main targets for the upcoming period.

Expected trading range for today is between 130.60 and 129.00

Expected trend for today: Neutral