The EURJPY keeps rising – Analysis – 28-11-2019

The EURJPY pair remains under the effect of the suggested temporary bullish track, affected by the moving average 55 positivity by forming an extra support at 119.90, the price approach from the target at 120.70 makes us wait for waiting the next four hours close, to detect the expected targets in the upcoming period.

While the price success to surpass the bearish channel’s resistance, so that will confirm resuming the fluctuation within the minor bullish channel that appears in the above image, to expect targeting 121.30 level reaching 38.2% Fibonacci correction level at 122.43.

The expected trading range for today is between 120.25 and 121.30

The expected trend for today: Bullish