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

2022-07-25 05:53:25 GMT (Economies.com)
 

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

 
 
 
  Symbol Last Change Chg.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
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