Technical analysis 06.11.18

EURJPY

The pair is trading below 129.30. It may preserve the upwards tendency as the ECB is no longer expected to stop the economic stimulus measures in the eurozone, as well as positive industrial inflation data that will be released today.

The price is above the middle Bolliger band, above SMA 5 and SMA 14. RSI is above the overbought territory and is growing. Stoch are on the border of the overbought zone.

Trading recommendations:

If the price passes 129.30, it may continue further up to 130.15.