The EURJPY hits the first target – Analysis – 9-12-2021

The EURJPY pair formed new bullish wave yesterday, to achieve the first positive target at 129.05 and hint surrendering to the domination of the previously expected bullish bias, reminding you that it is important to hold above the historical support at 127.40 to reinforce the continuation of the positivity for the upcoming period.

Stochastic attempt to provide the positive momentum will increase the chances of renewing the bullish attempts, to expect moving towards 29.80 level, while surpassing this obstacle might extend trades towards 130.40 direct.

The expected trading range for today is between 128.20 and 129.80

The expected trend for today: Bullish