The EURJPY repeats the positive attempts – Analysis – 5-8-2020

The EURJPY pair continued to fluctuate within the bullish channel recently, to notice its fluctuation above 123.75 and confirm moving into the next positive station that will push the price to record new positive targets that start at 125.20 and 125.80 levels.

Note that the moving average 55 continuous fluctuation below the current price besides stochastic attempt to reach 80 level agree the continuation of the positivity, and provide the price with new positive momentum until achieving the suggested additional positive targets.

The expected trading range for today is between 124.20 and 125.80

The expected trend for today: Bullish