The EURJPY keeps the positivity – Analysis – 10-1-2020
Economies.com
2020-01-10 09:26AM UTC
The EURJPY pair confirmed its affection by the bullish bias domination by recording 121.77 level recently, moving away from the main bullish channel’s support line at 120.70 today, which confirms the price preparation to resume the bullish attack, getting the positive momentum by stochastic reaching the overbought areas as appears on the chart.
Therefore, we will keep waiting to form new bullish rally to move towards 122.50 level, and surpassing this level will start targeting new positive levels that might begin at 123.25.
The expected trading range for today is between 121.10 and 122.50
The expected trend for today: Bullish
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