The EURJPY pair formed strong bullish rally yesterday to surpass 132.20 level, to settle within the bullish channel again, which confirms the preparation to provide new bullish trades, expecting to move towards 133.40 followed by 134.55 levels in the near term period.
Any attempt to crawl below the current bullish channel’s support line will cancel the positive overview and force the price to return to the bearish track again, which confirms the preparation to suffer losses by targeting 130.80 followed by 130.00.
Expected trading range for today is between 132.20 and 133.40
Expected trend for today: Bullish