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The EURJPY hits the target – Analysis – 3-8-2022
The EURJPY pair succeeded to reach the additional negative target at 133.50, to form solid obstacle against the negative attempts and rebounds positively towards 136.05, expecting to form mixed trades now in order to reinforce the chances of gaining the positive momentum and cover more suffered losses to target 136.65 that formed additional barrier recently against the negative trades.
Note that succeeding to breach 136.65 and getting positive closings above it will assist to activate the bullish track again, to expect forming strong bullish rally and reach towards 138.20 initially.
The expected trading range for today is between 134.65 and 136.65
The expected trend for today: Bullish
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The GBPJPY covers some losses – Analysis – 3-8-2022
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