The EURJPY fluctuates below the barrier – Analysis – 5-8-2022

Despite the EURJPY pair’s consolidation within the bullish channel, and getting the positive momentum by the major indicators, we notice the weak trades yesterday due to the stability of the additional barrier at 136.65.

Note that we are waiting to breach the mentioned barrier to assist to reinforce the domination of the bullish bias to target 137.60 followed by reaching 138.55 level that forms the next station of the bullish bias.

The expected trading range for today is between 135.60 and 136.60

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The expected trend for today: Sideways