No news for the EURJPY – Analysis – 6-5-2022
Economies.com
2022-05-06 07:43AM UTC
Despite the positive factors against the EURJPY pair, that couldn’t push the price to surpass 137.80 obstacle, to notice forming mixed trades by bouncing towards 136.80.
Note that it is important to hold above the initial support at 136.50 to assist to confirm the continuation of the positivity for now, which might target 139.60 level soon, while declining below this support and getting negative close might force it to postpone the bullish attack and suffer some losses by moving towards 135.90 followed by reaching the next support at 134.80.
The expected trading range for today is between 136.50 and 137.80
The expected trend for today: Bullish
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