The EURJPY keeps the positivity – Analysis – 2-11-2021

The EURJPY price repeated the positive closings above the additional support 131.55, to increase the chances of recording new positive targets in the near term and medium term period, while the price needs new positive momentum to ease the mission of surpassing 132.45 obstacle followed by waiting to achieve the main targets at 132.90 and 133.90.

Note that declining below the mentioned support will cancel the positive overview and expect suffering losses that start at 131.20 followed by reaching 23.6% Fibonacci correction level at 130.85.

The expected trading range for today is between 131.55 and 132.90

The expected trend for today: Bullish