Daily analysis of EUR/JPY for August 22, 2016

Overview

The EURJPY pair traded positively last Friday moving away from the initial support at 112.40, affected by stochastic positivity as it approaches from 80 levels. Therefore, we still expect upward movements and wait the price to reach the first correctional target at 115.10. The expected trading range for today is between 112.40 and 115.10.

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