The EURJPY is weak – Analysis – 5-2-2021
Economies.com
2021-02-05 08:12AM UTC
The EURJPY pair continued to provide weak trades due to its negative consolidation below 126.70 barrier, to increase the chances of providing correctional bearish trades in the near term and medium term period.
Note that crawling below 126.05 will open the way to form new negative waves that might extend towards 125.80 and 125.05 levels, while regaining the bullish bias requires jumping above the mentioned barrier to manage to start forming positive waves that might extend towards 127.10 and 127.70 levels.
The expected trading range for today is between 126.70 and 125.80
The expected trend for today: Bearish
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