The EURJPY threats the positive stability – Analysis – 7-6-2023
3 months ago

The EURJPY pair provided negative signal by crawling below the minor bullish channel’s support line at 149.50, to increase the chances of regain the bearish bias by settling near 148.85, expecting to face strong negative pressures and get negative momentum by the major indicators to target 148.10 level, while surpassing it might extend losses towards 147.30.


On the other hand, regaining the bullish bias requires forming strong bullish wave to settle above 150.00 level and increase the chances of recording additional gains in the upcoming period.



The expected trading range for today is between 149.30 and 148.10


The expected trend for today: Bearish

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