The EURJPY without any news – Analysis – 4-5-2022

The EURJPY pair didn’t move any thing until this moment, to notice its repeated fluctuation near the initial support at 136.50, note that the unionism of the main indicators by providing the positive momentum will increase the chances for renewing the bullish attempts, to keep waiting for recording some of the targets that are represented by 137.80 level reaching 139.60 resistance.

Note that the price decline below the current support, so that will delay the bullish attack, which forces it to form a bearish correctional attack, to expect suffering temporary losses by reaching 134.80 level before reaching any new positive target.

The expected trading range for today is between 136.50 and 137.80

The expected trend for today: Bullish