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The EURJPY attempts to enter the bullish channel – Analysis – 1-5-2023
The EURJPY pair trades extended towards 150.85 this morning, attempting to enter the bullish channel to confirm the continuation of the positivity for the upcoming period, while we will depend on 149.35 level forming the additional support in addition to the continuous positive momentum coming by the major indicators to ease the mission of providing positive closings within the bullish channel, to target more positive stations by rallying towards 151.45 followed by reaching the next main target at 152.15.
The expected trading range for today is between 150.00 and 151.45
The expected trend for today: Bullish
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The GBPJPY achieves big gains – Analysis – 1-5-2023
The GBPJPY pair took advantage of entering the bullish channel by surpassing 167.50 level, to notice forming strong bullish rally and achieve big gains by touching 171.15 level, expecting to form additional support at 169.25 to increase the efficiency of the bullish track, to expect moving towards the target at 142.50, while surpassing it might extend trades towards the next main target at 173.65.
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