Despite the EURJPY pair’s forming some negative fluctuation recently, getting frequent positive closings above the bullish channel’s support line at 120.55 increases the chances of renewing the bullish attempts in the near term and medium term period.
We notice the moving average 55 extension towards the major support to increase the strength of this barrier against the current trades and agrees stochastic attempt to provide the positive momentum in order to ease the mission of rallying bullishly and achieving the targets at 121.80 and 122.50 levels.
The expected trading range for today is between 120.55 and 121.80
The expected trend for today: Bullish