The EURJPY keeps the correctional attempts – Analysis – 20-8-2019

The EURJPY pair continued providing positive closes, to settle above the bearish channel’s support at 117.15, to increase the chances for forming bullish correctional rebounds in the near and medium period, note that the correctional targets are near 119.00 level reaching to the next barrier at 121.05, which represents the second target of the bullish bias.

While facing new negative pressures and the attempt of reaching below the current support will confirm the price move to a new negative track, to expect resuming the negative attack, then suffer more of the losses by reaching 116.60 and 114.85.

The expected trading range for today is between 117.15 and 119.00

The expected trend for today: Bullish