The EURJPY resists stochastic negativity– Analysis – 11-5-2022
Economies.com
2022-05-11 05:06AM UTC
EURJPY pair lost its positive momentum by forming a bearish wave by stochastic and its fluctuation below 50 level, to delay the bullish attack and providing sideways trading below 137.80 level.
But the main stability within the bullish channel’s levels and the continuation of forming extra support at 136.50 level, so these factors make us keep the bullish suggestion until the price succeed to confirm surpassing 137.80 level, to ease the mission of reaching the main stations that are represented by 138.60 and 140.00 level.
The expected trading range for today is between 136.90 and 138.60
The expected trend for today: Bullish
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