The EURJPY hovers near the barrier – Analysis – 27-9-2022

The EURJPY pair recorded 137.35 level yesterday, to approach the first waited negative target followed by starting to provide correctional bullish trades, to move towards 139.70 barrier that represents 23.6% Fibonacci correction level.

Repeating the negative pressures below the current barrier will ease the mission of renewing the negative attempts, to expect crawling towards 137.80 followed by reaching the next target at 136.75, while surpassing the current barrier and holding above it will postpone the negative attack to push the price to target some correctional stations that start at 140.40.

The expected trading range for today is between 139.70 and 137.80

The expected trend for today: Bearish