The EURJPY rises slowly – Analysis – 6-12-2019
Economies.com
2019-12-06 08:21AM UTC
The EURJPY pair formed slow bullish trades recently affected by the contradiction of the major indicators, to settle around 120.80 level, noticing the price consolidation within the minor bullish channel, depending on the stability of the main support 119.80 to confirm the attempts to record new positive targets that might start at 121.40 and 122.40 levels.
The MA55 rally above the bullish channel’s support line confirms blocking the price within the bullish range to increase the chances of gathering the required positive momentum to achieve the mentioned targets.
The expected trading range for today is between 120.25 and 121.40
The expected trend for today: Bullish
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