The EURJPY approaches the additional barrier – Analysis – 7-6-2022

Economies.com
2022-06-07 05:14AM UTC

The EURJPY pair repeated the positive closings above the breached bullish channel’s resistance, to form solid support at 139.35, noticing rallying strongly to approach the additional barrier at 142.20.

 

The price might form temporary sideways fluctuation after facing the mentioned barrier, to keep waiting to breach this level and ease the mission of resuming the rise to move towards 42.60 followed by reaching the next main target at 143.90.

 

The expected trading range for today is between 140.80 and 142.60

 

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The expected trend for today: Bullish

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