The EURJPY resumes the decline – Analysis – 7-3-2022

2022-03-07 04:07:32 GMT (Economies.com)
 

The EURJPY pair didn’t get enough testing the historical support at 126.85, to notice providing new negative wave recently and record 124.40, hinting surrendering to the domination of the bearish bias until this moment.

 

Also, stochastic continuous negative momentum will confirm blocking the price below 126.80, to increase the chances of resuming the negative attack, to expect moving towards 124.15 followed by attempting to touch 50% Fibonacci correction level at 123.45.

 

The expected trading range for today is between 125.90 and 124.15

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0535
0.0094
0.8994%
1.2293
0.0245
2.0329%
23.157
1.801
8.433%
81.475
7.046
9.467%
85.86
-1.02
1.17%
1795.560
45.085
2.576%
 
 
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