The EURJPY seeks an exit – Analysis – 26-6-2019

The EURJPY pair still affected by the domination of the sideways bias, due to its stability within the sideways range lines; represented by 121.40 support and 122.50 resistance, thus, we will remain neutral until surpassing one of these levels to manage to detect the expected targets for the near term and medium term period.

Note that breaching 122.50 will increase the chances to form correctional bullish rally to target 123.50 initially, while crawling below the initial support will confirm regaining the main bearish bias to start forming many negative targets by reaching 120.60 and 119.80 levels.

The expected trading range for today is between 122.50 and 121.40

The expected trend for today: Neutral