The EURJPY leans above the average – Analysis – 1-11-2021

The EURJPY price ended its last trading by providing a new positive close above the moving average 55, which forms an extra support by its stability near 131.50, to increase the chances for renewing the bullish attempts by its rally at 132.10.

Stochastic exit from the oversold level will increase the chances for gathering the positive momentum, accompanied with the bullish suggestion, reminding you that the positive targets near 132.65 and 133.30 level.

The expected trading range for today is between 131.55 and 133.30

The expected trend for today: Bullish