Overview
The EURJPY pair closed in the black above 115.40 levels that forms the initial support against correctional bullish attempts to confirm the positive overview for the upcoming period. We will wait for a new bullish attempt to reach the target at 116.80, which break will confirm testing the main resistance at 117.80. Stochastic stability within the overbought areas increases the chances of gathering another positive momentum that will confirm bullish domination until reaching anticipated targets. The expected trading range for today is between 115.40 and 116.80.
The material has been provided by InstaForex Company – www.instaforex.com
The post Daily analysis of EUR/JPY for September 05, 2016 appeared first on forex-analytics.press.