The EURJPY resumes the bullish attack – Analysis – 3-6-2022

Economies.com
2022-06-03 07:26AM UTC

The EURJPY pair resumed its bullish attack, approaching the psychological barrier at 140.00, affected by the positive pressures represented by the positive momentum coming by the major indicators and 138.40 level forming additional support against the current trades.

 

Note that succeeding to surpass the psychological barrier will allow the price to reach new stations that might start at 140.85, while the stability of this barrier might force it to form temporary correctional rebound to test the mentioned additional support before reaching any new positive target.

 

The expected trading range for today is between 139.00 and 140.80

 

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The expected trend for today: Bullish

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