The EURJPY price gained strong positive momentum yesterday, which eased the correctional bullish rally by surpassing 129.05 level and recording new targets by reaching 129.70 now.
We expect to target the bearish channel’s resistance at 130.50 soon, followed by monitoring the price behavior to manage to detect the next main trend.
The expected trading range for today is between 129.35 and 130.05
The expected trend for today: Bullish