The EURJPY hovers near the additional barrier – Analysis – 5-7-2022

The EURJPY pair formed bullish wave yesterday, to approach 142.25 barrier as appears on the chart, reminding you that the stability of this barrier will increase the chances of renewing the correctional bearish attempts, to expect targeting 141.20 followed by reaching 140.00 as a first target for the bearish track.

Succeeding to breach the mentioned barrier will allow the price to activate the bullish track again, to expect gathering the positive momentum to start achieving some gains by reaching 143.10 followed by repeating the pressure on 144.30 recorded high.

The expected trading range for today is between 142.25 and 141.20

The expected trend for today: Bearish