The EURJPY affected by the indicators’ contradiction – Analysis – 11-1-2022

The EURJPY pair formed temporary negative rebound yesterday due to the contradiction between stochastic positivity against the main stability above the additional support at 129.85, which might hinder the bullish attempts to expect forming continuous sideways fluctuation until gathering the positive momentum again.

Note that the attempt to crawl below the mentioned support will confirm surrendering to the domination of the correctional bearish bias to expect suffering additional losses that might extend towards 128.75 initially.

The expected trading range for today is between 129.80 and 131.10

The expected trend for today: Bullish