The EURJPY regains the bullish bias – Analysis – 7-1-2020
Economies.com
2020-01-07 07:22AM UTC
The EURJPY pair decided to regain the bullish bias by forming strong positive rally and surpass 120.80 level, to settle within the bullish channel and record the first positive targets by reaching 121.45.
The continuous fluctuation within the bullish range and stochastic attempt to provide new positive momentum by reaching 50 level allow us to expect renewing the bullish attempts to target 121.80 level followed by pressing on 122.50 barrier.
The expected trading range for today is between 120.90 and 121.80
The expected trend for today: Bullish
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