The EURJPY needs new momentum – Analysis – 4-1-2021
Economies.com
2021-01-04 09:10AM UTC
The EURJPY pair formed correctional bearish trades by crawling below 126.70 level, affected by stochastic negativity, while in general, the stability above the bullish channel’s support line at 125.65 allows us to wait to gather the positive momentum again and manage to renew the bullish rally until reaching 127.40 followed by 128.30 levels.
On the other hand, crawling below the bullish channel’s support line will cancel the positive overview to allow us to suggest the negative trades and expect suffering big losses that might start at 124.73.
The expected trading range for today is between 125.75 and 126.80
The expected trend for today: Bullish
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