Overview
The EURJPY once again provided positive closes near 115.50 levels, affected by some positive pressure placed by stochastic rally above 50 levels. This increases the possibility of surpassing the current obstacle and opening the way towards more targets in the near and medium period that begin at 116.80 and reach up to the extended resistance at 117.35. We remind you that the stability of the support at 113.60 confirms the price limitation within the bullish level, which increases the possibility of achieving the suggested targets. The expected trading range for today is between 114.40 and 117.35.
The material has been provided by InstaForex Company - www.instaforex.com