The EURJPY moves within temporary sideways track – Analysis – 12-5-2021

Economies.com
2021-05-12 07:17AM UTC

The EURJPY pair formed temporary sideways trades by settling near 132.00 until gathering the additional positive momentum, to confirm the continuation of the previously suggested positivity, as continuing the settle above the bullish channel’s support line near 130.70 and 131.50 level forming additional support allow us to wait to achieve new positive targets that might start at 133.40 followed by reaching the key resistance at 134.25.

 

The expected trading range for today is between 131.50 and 133.00

 

The expected trend for today: Bullish

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