The EURJPY takes breath – Analysis – 8-3-2022

The EURJPY pair started the attempts to take a breath after suffering big losses and approaching 124.15 level, to notice forming correctional bullish rebound towards 125.55.

We remind you that the frequent negative fluctuation below the additional barrier at 126.85 in addition to the continuous negative momentum coming by the major indicators support our negative overview for the upcoming period, to expect moving towards 124.15 followed by reaching 123.45 as an additional support line against the negative attempts.

The expected trading range for today is between 125.90 and 124.15

The expected trend for today: Bearish