The EURJPY seeks the additional momentum – Analysis – 7-1-2022

The EURJPY pair formed new sideways trades without recording any new positive target, due to the lack of the positive momentum and the affection by the contradiction between stochastic negativity and the moving average 55 stability near 129.85 support line.

In general, we will continue to suggest the domination of the bullish bias for now, depending on the strength of the mentioned support, noting that gaining the additional positive momentum will reinforce the domination of the bullish bias that might target 131.85 followed by reaching the recently recorded top at 132.45.

The expected trading range for today is between 130.55 and 131.85

The expected trend for today: Bullish