The EURJPY gets rid of the negative pressures– Analysis – 17-5-2022
Economies.com
2022-05-17 05:07AM UTC
The EURJPY pair succeeded to get rid of the negative pressures, to end the bearish correctional attack by testing the moving average 55 near 132.90, forming a strong bullish rally to 135.10.
Forming extra support at 133.60 level and the attempt of the main indicators unionism by providing positive momentum, so these factors support the bullish bias domination in the upcoming period, to expect targeting 136.55 level, and surpassing it might extend the trading to 138.00 in the upcoming period trading.
The expected trading range for today is between 134.20 and 135.70
The expected trend for today: Bullish
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