The EURJPY keeps the positivity – Analysis – 6-1-2022
Economies.com
2022-01-06 05:59AM UTC
The EURJPY pair still affected by the domination of the bullish bias due to leaning above the additional support at 129.85, noticing the fluctuation of the moving average 55 near it, to confirm blocking trades within the bullish track as appears on the chart.
Stochastic exit from the overbought areas might force the price to form temporary sideways fluctuation, to keep waiting to gather the positive momentum in order to reach the additional positive stations at 131.85 and 132.45.
The expected trading range for today is between 130.55 and 131.85
The expected trend for today: Bullish
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