The EURJPY awaits the positive momentum – Analysis – 13-1-2022

The EURJPY pair repeated the fluctuation within the bullish track, to notice its stability above the moving average 55 recently, which forms the additional support at 129.85, also, stochastic attempt to provide the positive momentum allows us to wait to surpass the recently recorded top at 131.55 to confirm the continuation of the positivity, to expect moving towards 132.40 followed by reaching 133.60 in the medium term period.

On the other hand, crawling below the mentioned support and getting negative close will confirm postponing the bullish attack, to expected suffering many losses by moving towards 129.10 followed by reaching the key support at 126.80.

The expected trading range for today is between 130.65 and 132.40

The expected trend for today: Bullish