The EURJPY postpones the negative attack – Analysis – 24-6-2019

The EURJPY pair hinted postponing the negative attack by rallying above 122.10 barrier and providing positive close, which increases the chances of forming correctional bullish rebound to expect moving towards 122.85 level, while the continuous positive pressures might extend trades to test 61.8% Fibonacci correction level at 123.50.

Stochastic bullish rally and settling within the overbought areas forms the main factor to change trend and provide additional positive momentum, which increases the chances of reaching the suggested correctional targets.

The expected trading range for today is between 122.00 and 122.85

The expected trend for today: Bullish