The EURJPY fluctuates within the bullish range – Analysis – 20-1-2020

The EURJPY pair reacted to stochastic negativity on last Friday, to notice forming correctional bearish rebound by touching 122.08 level, while the main stability within the bullish channel besides 121.65 level forming additional support allow us to wait to gather new positive momentum to ease the mission of reaching 123.10 level that forms the first main target.

On the other hand, facing continuous negative pressures and attempting to crawl below the mentioned additional support will increase the risks of reaching the key support at 121.15, to start threating the positive stability and allows us to stay neutral until detecting the next main trend.

The expected trading range for today is between 121.65 and 123.10

The expected trend for today: Bullish