The EURJPY keeps the correctional bullish bias – Analysis – 12-6-2019

The EURJPY pair confirmed keeping the domination of the correctional bullish bias by rallying towards 123.15 level recently, to press on the initial barrier mentioned in our previous report, while stochastic continuous fluctuation within the overbought areas eases the mission of gathering new positive momentum, to reinforce the attempt to hold above 123.10 level in order to open the way to achieve new positive targets that might start at 123.80 followed by 124.50.

The bullish overview depends on 122.50 level forming additional support to confirm blocking trades within the bullish range and increase the chances of resuming the bullish attack to achieve the mentioned targets.

The expected trading range for today is between 122.70 and 123.80

The expected trend for today: Bullish