The EURJPY surpasses the first target – Analysis – 20-10-2020

Economies.com
2020-10-20 05:34AM UTC

The EURJPY pair succeeded to surpass 124.05 level yesterday, to achieve the first waited target in our previous report and confirm its preparation to resume the correctional bullish attack.

 

Also, stochastic rally above 50 level will increase the chances of gathering the positive momentum, to expect rallying above 124.70 barrier and start recording additional targets that might extend towards 125.45 and 125.95 levels.

 

The expected trading range for today is between 123.70 and 125.45

 

The expected trend for today: Bullish

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