EURJPY is stuck again – Analysis – 12-9-2018

The EURJPY pair didn’t record any new level until this moment, by its affection by the intraday sideways range domination that represented by 129.60 resistance, while the initial support is located at 127.60, we recommend monitoring the price behavior in the current period until surpassing one of these levels, then detect the expected trend in the near and medium period.

Note that surpassing the current resistance will confirm forming the flag pattern, to support its readiness to resume the bullish correction, to target 130.60 reaching to 131.90.

Expected trading range for today is between 129.60 and 127.60

Expected trend for today: Neutral