The EURJPY gains additional momentum – Analysis – 14-4-2022
Economies.com
2022-04-14 05:58AM UTC
The EURJPY pair started to get the additional positive momentum by stochastic approach to the overbought areas, to confirm its affection by the domination of the bullish bias and settle near 136.70, reminding you that the bullish scenario will remain valid due to the frequent stability within the main bullish channel, in addition to the continuous support formed at 134.80 as appears on the chart.
We expect to crawl towards 137.45 barrier now, while surpassing it will push the price to target new positive stations that start at 137.70 followed by reaching the bullish channel’s resistance at 138.30.
The expected trading range for today is between 135.60 and 137.70
The expected trend for today: Bullish
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