Forex

The EURJPY holds above the support – Analysis – 23-10-2020

2020-10-23 08:08:40 GMT (Economies.com)

The EURJPY pair ended yesterday by providing positive stability above 123.30 support line, to confirm keeping the bullish bias domination and notice bouncing towards 123.80 level, to decrease the risks of exiting the bullish track.

 

Also, stochastic begins to provide the positive momentum to allow us to suggest the bullish attempts, to attempt to breach 124.40 level soon followed by targeting 125.05 that formed strong obstacle against the bullish attempts recently.

 

The expected trading range for today is between 123.30 and 124.40

 

The expected trend for today: Bullish

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