The EURJPY gains new momentum – Analysis – 4-8-2020
Economies.com
2020-08-04 05:36AM UTC
The EURJPY pair ended the correctional bearish rebound by providing positive close above the additional support 123.75, to keep its stability within the bullish channel and reinforce the previously suggested bullish track.
Stochastic reach to the overbought areas allows us to expect the beginning of forming new positive waves, to crawl above 125.20 and start gaining new profits that might extend to 125.80 and 126.20.
The expected trading range for today is between 124.20 and 125.80
The expected trend for today: Bullish
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