The EURJPY begins to rise – Analysis – 5-5-2022

The EURJPY pair started to form new bullish trades, taking advantage of the stability of the initial support at 136.50, to notice achieving some gains by reaching 137.50, also, the major indicators provide the positive momentum to increase the efficiency of the bullish track, to expect surpassing 137.80 level soon and ease the mission of reaching the additional targets at 139.60 and 140.70.

We remind you that declining below the current support will postpone the bullish attack and force the price to suffer temporary losses by moving towards 134.80 before reaching any new positive target.

The expected trading range for today is between 136.50 and 139.30

The expected trend for today: Bullish