The EURJPY gets the negative momentum – Analysis – 28-7-2022

Economies.com
1 year ago

The EURJPY pair kept its stability within the correctional bearish track by settling below 140.20 resistance, to notice gathering the negative momentum by stochastic approach to 20 level and record the first negative target at 137.90.

 

We expect to resume the negative attempts to press on 38.2% Fibonacci correction level near 136.75, while breaking this obstacle will extend trades towards 135.10 as a next main station.

 

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The expected trading range for today is between 139.10 and 137.00

 

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The expected trend for today: Bearish

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