The EURJPY loses its positive momentum – Analysis – 12-4-2021
Economies.com
2021-04-12 05:07AM UTC
No news for the EURJPY pair despite its consolidation within the bullish channel, affected by stochastic negativity, to keep its fluctuation below 130.75 barrier, which might force the price to suffer some intraday losses until testing the bullish channel’s support line at 129.35 today.
On the other hand, breaching the current barrier and holding above it will allow the price to resume the bullish attempts, to expect recording new targets that might start at 131.60 followed by 132.70 levels.
The expected trading range for today is between 130.70 and 129.50
The expected trend for today: Fluctuated within the bullish track
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