The EURJPY leans above the moving average – Analysis – 1-6-2023
Economies.com
2023-06-01 10:03AM UTC
The EURJPY pair resisted the negative pressures by providing new positive close above the MA55, located near the minor bullish channel’s support line at 149.00, to support the chances of forming new bullish attack in the near term and medium term period.
We notice stochastic rally above 50 level, to provide the required positive momentum to reinforce the chances of recording the positive targets near 150.50 and 151.10.
The expected trading range for today is between 149.10 and 150.50
The expected trend for today: Bullish
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