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The EURJPY provides negative signal – Analysis – 25-7-2022

2022-07-25 05:53:25 GMT (Economies.com)
The EURJPY provides negative signal – Analysis – 25-7-2022
 

The EURJPY pair provided negative signal by crawling below 140.10 level that formed the extension of the additional support, to hint surrendering to the domination of the correctional bearish bias again by reaching 138.70.

 

In case trades continued to consolidate below the broken support and getting negative momentum by stochastic, these factors allow us to suggest more negative trades that might target 138.50 followed by reaching 136.70 levels, to test 38.2% Fibonacci correction level.

 

The expected trading range for today is between 139.70 and 138.50

 

The expected trend for today: Bearish

 
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  Symbol Last Change Chg.%
EUR/USD
1.0265
0.0067
0.6597%
Midday update for the EURUSD 12-08-2022
GBP/USD
1.2139
0.0022
0.1816%
Silver
20.583
0.219
1.075%
Oil
92.262
3.784
4.277%
Midday update for Crude oil 12-08-2022
Brent Oil
97.88
-1.74
1.75%
Gold
1796.970
15.295
0.859%
Midday update for Gold 12-08-2022
 
 
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