The EURJPY price formed strong bullish rally in Friday, which agrees with the bullish expectation by recording the initial target at 121.20, the price settles currently at 23.6% Fibonacci level at 120.60, to form a new initial support that confirms the continuation of the positivity until reaching the second target at 122.10.
The intraday negative rebound caused by stochastic surpass to the overbought level, which opens the way towards gathering new positive momentum in the near period, then reaching the suggested target.
Expected trading range for today is between 120.60 and 122.10
Expected trend for today: Bullish.