The EURJPY faces stochastic negativity – Analysis – 25-10-2021

Economies.com
2021-10-25 04:31AM UTC

The EURJPY price succeeded to get rid of the negative pressures after recording the correctional target at 131.80, to rebound bullishly towards 132.50, hinting the preparation to renew the bullish attempts.

 

Therefore, we will keep waiting to gather the positive momentum to assist to renew the bullish attack and move towards 132.90, followed by attempting to get rid of 133.55 obstacle in order to find a way to record new positive targets in the upcoming period.

 

The expected trading range for today is between 132.00 and 133.55

 

The expected trend for today: Bullish

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