The EURJPY resumes the decline – Analysis – 13-6-2022

The EURJPY pair failed to hold above 142.25 level, which pushed it to resume the correctional bearish attack to touch 140.80 level, while stochastic approach to 50 level increases the negative pressures, to expect renewing the negative attack to target 139.85 level.

On the other hand, regaining the bullish bias requires positive close above the broken additional support at 142.25, to push it to form strong bullish waves in order to reach 143.10 followed by repeating the pressure on 144.25.

The expected trading range for today is between 142.25 and 140.00

The expected trend for today: Bearish