The EURJPY gains a new positive momentum – Analysis – 11-12-2019
Economies.com
2019-12-11 07:48AM UTC
The EURJPY pair got advantage from the stability of the moving average 55 above the minor bullish channel’s support at 119.90, to gather a new positive momentum, to begin forming a bullish trading by reaching 120.70.
Stochastic rally above 50 level will increase the positive pressures, which allows the price to resume the bullish attack, to expect targeting 121.40 level reaching 122.50 in the upcoming period.
The expected trading range for today is between 120.00 and 121.40
The expected trend for today: Bullish
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