The EURJPY pair failed to record new positive targets yesterday, affected by the stability of 50% Fibonacci correction level at 121.30, to form an obstacle against the bullish attack, but the repeated stability above 120.90 level that forms the breached bearish channel’s resistance, which makes us wait for gathering a new positive momentum, to increase the chances for surpassing the current barrier and begin recording the extra targets by reaching 121.80 and 122.60.
The expected trading range for today is between 120.90 and 121.80
The expected trend for today: Bullish