The EURJPY repeats the negative closings – Analysis – 7-9-2021
Economies.com
2021-09-07 05:04AM UTC
No change to the EURJPY pair’s bearish track, due to the frequent consolidation below 131.00 barrier, while the current sideways trades are caused by the contradiction between the major indicators, to keep waiting to crawl below the moving average 55 at 130.05 to ease the mission of reaching the negative stations at 129.40 and 128.80.
Note that surpassing the mentioned barrier will cancel the negative overview to expect the beginning of forming strong bullish trades that might extend towards 131.70 initially.
The expected trading range for today is between 130.80 and 129.70
The expected trend for today: Bearish
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