EURJPYH4.png

Overview

The EURJPY pair repeated fluctuations between the initial support 116.80 and 118.50 resistance yesterday as fading bullish momentum causes the current swings. Stochastic settles around 50 levels as shown on the chart. We remind you that the bullish attempts depend on the price stability above the current support; it will increase the chances of forming the bullish attack and attempt to surpass the current barrier followed by reaching the awaited targets at 119.20 and then 121.00.

The expected trading range for today is between 116.80 and 119.40.

The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com

Trade Forex, Commodities, Stocks and more, trade CFDs on the Plus 500 CFD trading platform! *CFD Service. 80.6% lose money - Register a real money account here and get trading right away.