The EURJPY pair hinted getting rid of the domination of the bearish bias by forming correctional bullish rally, to surpass 138.80 barrier and achieve some gains by touching 140.75 level.
I notice that stochastic begins to provide the positive momentum, while I assure the importance of monitoring the price now and wait to surpass 140.95 to avoid any sideways fluctuation, to target new positive stations that might start at 141.55 and 142.20.
I notice that stochastic begins to provide the positive momentum, while I assure the importance of monitoring the price now and wait to surpass 140.95 to avoid any sideways fluctuation, to target new positive stations that might start at 141.55 and 142.20.
Trade active:
The EURJPY prepares for new correctional rise
The EURJPY pair confirmed its surrender to the domination of the correctional bullish bias by consolidating above the additional support 140.25, to notice its rally towards 141.40 and approach the first target mentioned in our previous report.
Now, continuing to gather the positive momentum allows us to keep the bullish overview to expect reaching 142.20 followed by extending trades towards 143.15 resistance.
The EURJPY pair confirmed its surrender to the domination of the correctional bullish bias by consolidating above the additional support 140.25, to notice its rally towards 141.40 and approach the first target mentioned in our previous report.
Now, continuing to gather the positive momentum allows us to keep the bullish overview to expect reaching 142.20 followed by extending trades towards 143.15 resistance.
Trade active:
The EURJPY repeats the positive stability
The EURJPY pair returned to test the additional support 140.25 on last Friday, to hint its preparation to renew the waited bullish attempts by consolidating near 140.70.
Also, stochastic attempt to provide the positive momentum will increase the chances of forming additional bullish waves to ease the mission of achieving the targets at 141.40 followed by attempting to press on the moving average 55 at 142.20.
The EURJPY pair returned to test the additional support 140.25 on last Friday, to hint its preparation to renew the waited bullish attempts by consolidating near 140.70.
Also, stochastic attempt to provide the positive momentum will increase the chances of forming additional bullish waves to ease the mission of achieving the targets at 141.40 followed by attempting to press on the moving average 55 at 142.20.
Trade closed: target reached:
The EURJPY achieves the first target 141.40 and is now affected by the moving average negativity
The EURJPY pair provided correctional bullish rally yesterday to achieve main gains by touching 141.90 level followed by forming sideways trades due to the frequent consolidation below the moving average 55 that hinders the positive stability by settling near 142.10.
These factors allow us to expect confining trades between the additional support 140.90 and the moving average 55, to stay aside until succeeding to surpass 142.10 and open the way to resume the correctional bullish attack in order to reach 142.60 and 143.30 levels.
The EURJPY pair provided correctional bullish rally yesterday to achieve main gains by touching 141.90 level followed by forming sideways trades due to the frequent consolidation below the moving average 55 that hinders the positive stability by settling near 142.10.
These factors allow us to expect confining trades between the additional support 140.90 and the moving average 55, to stay aside until succeeding to surpass 142.10 and open the way to resume the correctional bullish attack in order to reach 142.60 and 143.30 levels.