The EURJPY gains new momentum – Analysis – 3-1-2022

Despite the EURJPY pair’s negative rebound below 130.90, that won’t affect the previously expected bullish track by leaning positively above 129.85 support line.

Stochastic continuous fluctuation within the overbought areas will increase the chances of gathering the positive momentum to ease the mission of breaching 131.00 level followed by waiting to record new positive targets that might start at 131.60 and 132.45 levels in the medium term and medium term period.

The expected trading range for today is between 130.40 and 131.60

The expected trend for today: Bullish