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The EURJPY presses on the moving average – Analysis – 20-5-2020
The EURJPY pair faced additional positive pressures yesterday, which pushed it to surpass the bearish channel’s resistance at 117.70 and form strong bullish wave to face the moving average 55 at 118.20.
These factors hint the price attempt to move to the bullish track, while we assure the importance of the stability of the breached resistance to form major support at 117.65 to confirm the attempt to reach 118.65 followed by 119.55 levels soon.
The expected trading range for today is between 117.65 and 118.65
The expected trend for today: Bullish
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