The EURJPY might be forced to resume the decline– Analysis – 16-8-2022
Economies.com
2022-08-16 07:14AM UTC
The EURJPY pair provided new negative close below 38.2% Fibonacci correction level, to form a new barrier near 136.85, which forces it to suffer some of the losses by reaching 13490, and stochastic fluctuation near 20 level supports the negative suggestion in the current period, to expect targeting new negative levels by its decline to 134.40, to press on the extra support at 133.60.
The expected trading range for today is between 136.10 and 134.40
The expected trend for today: Bearish
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