The EURJPY achieves some gains – Analysis – 30-5-2023

The EURJPY pair took advantage of the positive fluctuation above 149.80 to confirm its surrender to the domination of the correctional bullish bias, to notice achieving additional gains by rallying towards 151.05 followed by forming some sideways fluctuation affected by stochastic attempt to exit from the overbought areas.

We expect the continuation of the sideways fluctuation until gathering the positive momentum, to manage to hold above 149.80 level and attempt to record additional gains by moving towards 151.60 followed by reaching the next barrier at 152.25, to form the main target of the correctional bullish bias.

The expected trading range for today is between 150.00 and 152.25

The expected trend for today: Bullish