The EURJPY without any news
No news for the EURJPY pair, due to its repeated fluctuation between the intraday sideways range that is represented by 121.27 barrier, while the initial support at 120.05, therefore, we will stay aside to avoid any losses that might be caused by the continuation of the current mixed fluctuation, to wait for surpassing one of the main levels.
By the above image, we notice the attempt of reinforcing the bullish fluctuation of the main indicators by the stability of the moving average near the initial support besides stochastic rally above 50 level, which increases the chances for breaching the current barrier, which makes the price moves to the bullish track, to ease the mission of reaching to 121.80 and 122.62 level in the upcoming period.
The expected trading range for today is between 121.27 and 120.05
The expected trend for today: Neutral


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