The EURJPY moves slowly – Analysis – 27-7-2021

The EURJPY pair continued to provide slow sideways trades due to its frequent move within the tight track, in addition to the contradiction between the major indicators until this moment.

Therefore, we will stay neutral until surpassing one of the major levels, represented by 128.80 support and 131.10 resistance, noting that the continuous fluctuation below the moving average 55 will increase the chances of forming negative fluctuation, to attempt to press on the sideways track’s support line in order to find a way to resume the previously expected bearish track.

The expected trading range for today is between 130.50 and 129.20

The expected trend for today: Fluctuated negatively