The EURJPY seeks the additional momentum – Analysis – 21-1-2020

Economies.com
2020-01-21 07:42AM UTC

The EURJPY pair continued to provide temporary negative trades, recording 121.90 level, affected by stochastic negativity that approaches the oversold areas, noting that the main stability within the bullish channel along with 121.65 forming additional support allow us to wait to gather new positive momentum to increase the chances of forming bullish attack to press on 123.10 barrier in the near term and medium term period.

 

The expected trading range for today is between 121.65 and 123.0

 

The expected trend for today: Bullish

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