EURJPY tends towards the support – Analysis – 4-10-2018

The EURJPY pair lost the positive momentum yesterday, forcing it to decline towards the bullish channel’s support line at 131.00, reminding you that it is important to hold above this level to confirm the continuation of the positivity that targets 132.50 level initially, followed by reaching the next station at 133.10.

Any attempt to crawl below the current support and providing negative close will cancel the bullish overview and build strong negative trades, to expect suffering losses by moving towards 129.85 followed by 128.95 levels.

Expected trading range for today is between 131.00 and 132.50

Expected trend for today: Bullish