The EURJPY holds above the support – Analysis – 03-11-2021

The EURJPY price succeeded to provide new positive close above the additional support at 131.50, to confirm keeping the domination of the bullish bias to rally towards 132.10, while getting the positive momentum now allows us to expect resuming the bullish attack, to target 132.90 followed by reaching 133.50 in the medium term period.

We remind you that declining below the mentioned support will cancel the positive overview, to expect suffering clear losses by moving towards 131.20 followed by reaching 23.6% Fibonacci correction level at 130.85.

The expected trading range for today is between 131.55 and 132.90

The expected trend for today: Bullish