The EURJPY threats the support – Analysis – 22-9-2022

The EURJPY pair was affected by stochastic negativity yesterday, which pushed it to settle below 143.90 level, noticing forming correctional bearish rebound to attack the main support 141.15 that forms solid obstacle against the negative attempts.

Note that the stability of 141.15 level will assist to renew the bullish attempts, to repeat the attempts to press on 143.90 barrier again, while crawling below this support and getting negative close will force it to suffer big losses that we expect to reach 140.40 followed by targeting 23.6% Fibonacci correction level at 139.60.

The expected trading range for today is between 141.15 and 142.85

The expected trend for today: Bullish