The EURJPY still bullish – Analysis – 15-1-2020
Economies.com
2020-01-15 07:27AM UTC
The EURJPY pair formed intraday negative rebound yesterday to respond to stochastic attempt to exit the overbought areas, but the main stability within the bullish channel allows us to wait to gather new positive momentum and manage to form new bullish rally to move towards the additional targets at 123.25 followed by 124.25.
On the other hand, getting a negative close 122.30 will postpone the bullish attack to start forming correctional bearish trades that might push the price to test the bullish channel’s support line at 121.15 today.
The expected trading range for today is between 122.30 and 123.25
The expected trend for today: Bullish
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