The EURJPY reaches the bullish track – Analysis – 02-11-2019
Economies.com
2019-12-02 07:52AM UTC
The EURJPY pair formed a new bullish wave in Friday, surpassing the bearish channel’s resistance at 120.65, to confirm its move to the bullish track, depending on forming a true support at 120.05 level against the bullish trading, to prefer recording the positive targets that begin at 121.30 and 122.45.
Stochastic rally and its stability within the overbought level increases the chances for resuming the bullish attack by gaining a new positive momentum, which reinforces the chances for achieving the suggested targets.
The expected trading range for today is between 120.35 and 121.30
The expected trend for today: Bullish
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