The EURJPY still bearish – Analysis – 4-7-2022
The EURJPY pair achieve some correctional negative targets recently by touching 139.80 level, to rebound towards 141.20 direct in order to cover some losses and manage to gather the additional negative momentum again.
We will depend on the stability of 142.20 barrier to confirm the domination of the correctional bearish bias for the near term and medium term period, to keep our negative overview and expect to break 140.00 to reach the next main target at 138.90.
The expected trading range for today is between 141.50 and 140.00
The expected trend for today: Bearish