EURJPY begins to revive – Analysis – 3-10-2018

The EURJPY pair kept its stability within the bullish channel due to the stability of the main support line at 130.85, forcing the price to provide new bullish wave to settle around 131.50, also, the consolidation of the moving average 55 below the price supports the bullish overview, to increase the chances of surpassing the initial barrier at 132.20, to increase the chances of recording the main targets at 132.50 followed by 133.10.

Stochastic begins to rise and settles above 50 level, to confirm the preparation to provide new positive momentum and paves the way to attempt to reach the waited targets.

Expected trading range for today is between 131.20 and 132.50

Expected trend for today: Bullish