The EURJPY in its way to test the barrier – Analysis – 30-09-2020

The EURJPY pair forced to form an intraday bullish wave in yesterday’s trading, affected by stochastic intraday positivity to approach from 124.40 level, which represents the neckline of the head and shoulders that appears in the above image.

while the continuation of the price fluctuation below this barrier and the attempt of gathering extra negative momentum, so that makes us keep preferring the bearish bias domination, which might target 122.30 level reaching 120.85 in the medium period.

The expected trading range for today is between 124.40 and 122.30

The expected trend for today: Bearish