Daily analysis of EUR/JPY for November 22, 2016

Source: Forex Analysis

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Overview

The EURJPY price is still forming bullish trend, approaching from the first target at 118.20. If the price gains new positive momentum, it will be able to breach the awaited target and even move higher to 119.20. Until support at 116.40 is held, the price will stay within the bullish range. Therefore we will stick to the bullish bias until the price reaches the awaited targets. The expected trading range for today is between 117.10 and 119.20.

The material has been provided by InstaForex Company – www.instaforex.com