The EURJPY declines temporarily – Analysis – 14-1-2022

The EURJPY pair formed correctional bearish rebound due to the lack of the positive momentum, to notice crawling below 131.00, expecting the continuous decline until testing the additional support at 129.80, to form the critical line between the attempt to regain the bullish bias and the attempt to move to the bearish track in the upcoming period.

Now, the continuous fluctuation of the moving average 55 near the mentioned support will keep our bullish overview, to expect confining trades between 129.80 and the first positive target at 131.45.

The expected trading range for today is between 130.00 and 131.50

The expected trend for today: Bullish