The EURJPY presses on the resistance – Analysis – 1-6-2020
Economies.com
2020-06-01 07:35AM UTC
The EURJPY pair returned to form bullish trades on last Friday, affected by stochastic positivity, noticing providing strong pressure on the bearish channel’s resistance at 119.80.
We recommend staying aside now to monitor the price behavior until confirming the main trend, as rallying bullishly and holding above the current resistance will confirm building the bullish track and target 120.40 followed by 121.78 in the upcoming period, while providing negative stability in the coming four hours below the current resistance will force the price to decline strongly and target 118.80 followed by 116.65 levels.
The expected trading range for today is between 119.20 and 120.40
The expected trend for today: Neutral
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