The EURJPY records the first target – Analysis – 7-7-2020
Economies.com
2020-07-07 05:15AM UTC
The EURJPY pair achieved the first positive target at 121.80 yesterday, to rebound bearishly affected by stochastic negativity that approaches 20 level now, while in general, the bullish overview will remain valid as long as the price is within the bullish channel, assuring the stability of 120.85 main support for today.
Therefore, we will keep waiting to gather new positive momentum to manage to surpass 121.80 and settle above it, to confirm moving towards the additional stations at 122.50 and 123.20.
The expected trading range for today is between 121.20 and 122.50
The expected trend for today: Bullish
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