EURJPY crawls bullishly – Analysis – 30-1-2019

The EURJPY pair begins forming slow positive crawl to notice surpassing 124.85 level, increasing the chances of resuming the previously expected bullish attempts, thus, we will keep our waiting to touch 125.60 level followed by monitoring the price behavior to manage to detect the expected trend for the upcoming trading.

In case the price succeeded to jump above 125.60 level, that will confirm the continuation of the positivity that will push the price to touch 126.18 level followed by reaching the bearish channel’s resistance at 126.80, while the stability of the targeted resistance will confirm surrendering to the negative attempts again, expecting to move towards 3.50 as a first negative station.

Expected trading range for today is between 125.60 and 124.40

Expected trend for today: Bullish