The EURJPY moves slowly – Analysis – 3-5-2022
Economies.com
2022-05-03 08:16AM UTC
The EURJPY pair formed slow trades to keep its stability above 23.6% Fibonacci correction level at 136.50, to keep the chances of renewing the bullish attempts that might target 137.80 followed by reaching 139.30.
Note that declining below the mentioned support might force the price to postpone the bullish attack and form correctional bearish rebound to repeat testing 134.80 before reaching any new positive target.
The expected trading range for today is between 136.50 and 137.80
The expected trend for today: Bullish
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