The EURJPY price renewed the bullish attempts in its rally to 122.20 level yesterday, to move away from the support at 120.60 to keep the expected positive stability, therefore, we will keep waiting for recording the first positive target at 122.90, to extend the trading to 124.05, which forms the second positive target for the bullish bias.
Stochastic fluctuation below 50 level might force the price to form an intraday sideways bias until gathering the bullish momentum, which agrees with our expectation for its rally towards recording the suggested targets.
Expected trading range for today is between 121.50 and 122.90
Expected trend for today: Bullish