The EURJPY begins to rise – Analysis – 25-11-2020

The EURJPY pair confirmed its affection by the domination of the bullish bias by moving away from 123.45 support line recently, to notice the beginning of recording the positive targets by touching 124.48 level that formed the first target of the bullish track recently.

Now, as stochastic approaches 80 level, we expect gathering new positive momentum to increase the chances of achieving additional targets that might extend to 125.10 level initially, while surpassing it will allow the price to succeed reaching 38.2% Fibonacci correction level at 126.70.

The expected trading range for today is between 123.85 and 125.10

The expected trend for today: Bullish