The EURJPY provides positive signal – Analysis – 2-6-2020

The EURJPY pair started today by forming new bullish wave to attempt to exit the bearish track and start forming new positive trades by reaching 120.00, while resuming the positivity requires holding positively above 119.30 level, expecting to gather new positive momentum to reach 120.80 level, while the continuous positive pressures might allow the price to reach 50% Fibonacci correction level at 121.80.

Stochastic fluctuation within the overbought areas forms major factor to confirm the bullish attempts by providing new positive momentum to ease the mission of reaching the mentioned positive stations.

The expected trading range for today is between 119.50 and 120.80

The expected trend for today: Bullish