The EURJPY suffers big losses – Analysis – 29-7-2022

2022-07-29 07:19:58 GMT (Economies.com)
 

The EURJPY pair formed a strong negative attack to surpass 38.2% Fibonacci correction level, which formed the initial main target by its stability at 136.75, suffering extra losses by hitting 135.60 level.

 

We expect the trading reach to 135.10 then begin providing sideways fluctuation until gaining the required extra negative momentum, to reinforce the bearish track and reaching 50% Fibonacci correction level at 134.35.

 

The expected trading range for today is between 136.40 and 135.10

 

The expected trend for today: Bearish

 

 
 
 
  Symbol Last Change Chg.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
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