The EURJPY continues to decline – Analysis – 8-7-2022
Economies.com
2022-07-08 08:05AM UTC
The EURJPY pair continued to form negative trades since getting negative close below 139.80 resistance, to notice suffering clear losses and settles near 137.40 level, while we will keep waiting to move towards the first main target at 136.70, and in case gathering the additional negative momentum, that will allow the price to break this obstacle and reach the next negative station at 136.10.
The above chart shows that stochastic begins to provide the negative momentum, to increase the chances of forming negative attempts and reach the suggested targets.
The expected trading range for today is between 138.60 and 136.70
The expected trend for today: Bearish
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