Overview
The EUR/JPY pair surpassed our waited target at 120.70 and resumed its upward trend, settling around 121.80. There are no obstacles for the price to record more targets in the near-term and medium-term period, waiting to reach the level of 124.15 to test the previously recorded top that appears on chart. Stochastic within the overbought areas has been stable until this moment which confirms our positive scenario and eases the attempt to reach our target. The expected trading range for today is between 120.80 and 124.15
The material has been provided by InstaForex Company - www.instaforex.com
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