The EURJPY has the rise – Analysis – 7-5-2021

Economies.com
2021-05-07 07:08AM UTC

The EURJPY pair has no escape to resume the rise, due to the frequent stability within the bullish channel, in addition to 130.90 level forming the additional support against the current trades.

 

Therefore, we will keep our bullish overview that might target 131.90 level initially, while surpassing this obstacle will extend trades towards 132.60 followed by reaching the next barrier at 133.40.

 

The expected trading range for today is between 131.40 and 132.60

 

The expected trend for today: Bullish

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