The EURJPY faces difficulty to resume the decline – Analysis – 19-7-2021

Economies.com
2021-07-19 07:27AM UTC

The EURJPY pair formed temporary sideways trades despites its frequent consolidation below 131.10 barrier, to face difficulty to surpass 129.45 support line.

 

The price enters tight triangle that might force it to form more sideways trades until breaking the mentioned support and manage to achieve more negative targets, located near 128.75 and 126.65.

 

The expected trading range for today is between 130.20 and 129.45

 

The expected trend for today: Sideways

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