The EURJPY pair lost its positive momentum, which forced it to form a temporary negative rebound, to approach from the bullish channel’s support at 119.80, the stability of this support and the moving average 55 obstacles the negative trading by its stability at 120.00 confirms the attempt of the price stability within the bullish range of the near and medium period.
And that makes us wait for gathering the extra positive momentum, which allows it to form bullish waves that target 121.40 reaching to 122.40 level.
The expected trading range for today is between 119.80 and 121.40
The expected trend for today: Bullish