The EURJPY achieves some gains – Analysis – 9-6-2023

The EURJPY pair recorded some additional gains, taking advantage of its lean above the MA55 in addition to stochastic positive momentum signals since morning, to notice rallying towards 150.40.

The continuous of the positivity won’t be confirmed unless breaching the sideways range’s resistance at 150.70, to assure the importance of monitoring it until reaching this barrier, as the breach will extend trades towards 151.35 followed by 152.15 levels, while failing to breach will activate the negative track to suffer clear losses by crawling towards 149.50 followed by reaching the sideways track support line at 148.80.

The expected trading range for today is between 149.75 and 150.65

The expected trend for today: Bullish