EURJPY keeps the intraday positivity – Analysis – 10-1-2019

The EURJPY pair announced the continuation of the bullish bias domination, in spite of its stability within the bearish channel levels, affected by stochastic positivity to keep waiting for targeting 125.55 level in the near period, the price attempt to renew the negative attack requires a negative close below 123.50 level, to increase the chances for targeting the support at 121.90, and breaking it will confirm its move to a new bearish track.

The continuation of providing stochastic a positive momentum, we will keep the bullish expectation, to wait for hitting the waited target.

Expected trading range for today is between 124.00 and 125.55

Expected trend for today: Bullish temporarily