The EURJPY rebounds below the resistance – Analysis – 25-4-2022
Economies.com
2022-04-25 07:40AM UTC
The EURJPY pair couldn’t hold for long time above 139.00 resistance, affected by stochastic negativity, to notice suffering clear losses by moving towards 137.20.
Note that the continuous fluctuation below the mentioned resistance will increase the chances of renewing the negative attempts, to expect targeting 136.20 level initially, while rallying above the resistance will allow the price to regain the bullish bias, to keep waiting to touch the target at 140.80 in the upcoming period.
The expected trading range for today is between 138.30 and 136.20
The expected trend for today: Bearish
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