The EURJPY tends to resume the rise – Analysis – 21-6-2022
The EURJPY pair moved away from the additional support at 140.40, taking advantage of stochastic additional positive momentum signals to press on 142.20 obstacle, expecting to achieve the required breach to form strong bullish rally and achieve new gains by moving towards 142.80 followed by reaching 143.80.
On the other hand, failing to achieve the breach will force it to postpone the bullish attack to start providing correctional negative trades that might force it to suffer some losses by reaching the mentioned additional support before recording any new positive target.
The expected trading range for today is between 141.80 and 142.80
The expected trend for today: Bullish