EURJPY postpones the bullish attack – Analysis – 27-9-2018

The EURJPY pair did not find any positive exit to support the main bullish attack, which forced the price to respond to stochastic intraday negativity, achieving 132.05 level, while the price might be forced to test the initial support at 131.62 followed by receiving the positive momentum to support the attempt to renew the expected main bullish attack.

Therefore, the stability of the price within the bullish channel allows us to continue suggesting the bullish attempts conditioned by the initial support line stability, to avoid any losses that might appear due to the attempt to resume the negative correction that might force the price to move towards 130.88 followed by reaching the bullish channel’s support line at 130.45.

Expected trading range for today is between 131.62 and 132.80

Expected trend for today: Bullish