The EURJPY provides negative close – Analysis – 7-7-2022
Economies.com
2022-07-07 05:36AM UTC
The EURJPY pair confirmed surrendering to the domination of the bearish bias by recording some negative targets by reaching 137.25, noticing that the trades are consolidated below the bullish channel’s support line at 139.80, in addition to stochastic negative momentum signals.
These factors will assist to activate more negative attempts in the near term period, to expect renewing the pressure at 137.25 level, while breaking it might extend trades towards 136.70 and 136.10 levels.
The expected trading range for today is between 139.40 and 136.70
The expected trend for today: Bearish
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