The EURJPY approaches the first target – Analysis – 26-10-2020

The EURJPY pair extended bullishly on last Friday to approach the first positive target at 124.40, hinting its affection by the bullish bias domination, expecting stochastic to reach the overbought areas, to forming new bullish attack and manage to surpass 124.40 level and resuming achieving the targets by reaching 125.05 and 125.62 levels.

We remind you that it is important to hold above the key support 123.30 that its stability confirms the continuation of the positivity until reaching the suggested positive targets, to avoid any losses that might appear due to changing the bullish track.

The expected trading range for today is between 123.70 and 124.80

The expected trend for today: Bullish