The EURJPY postpones the bullish rally – Analysis – 5-4-2022

2022-04-05 05:42:27 GMT (Economies.com)
 

The EURJPY pair lost the positive momentum yesterday, to form bearish wave and settle below the additional support 134.80, suffering some losses by touching 134.30.

 

The continuous fluctuation below the broken support will increase the chances of resuming the correctional bearish trades that might push it to reach 133.50 level, followed by monitoring the price behavior due to the importance of this level to detect the next medium term trend.

 

The expected trading range for today is between 135.00 and 133.50

 

The expected trend for today: Bearish temporarily

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
Live Forex Updates