The EURJPY touches the second target – Analysis – 9-7-2021

Economies.com
2021-07-09 09:04AM UTC

The EURJPY pair touched the second main negative target by reaching 129.62, confirming surrendering to the domination of the previously expected bearish bias, expecting to form mixed trades until gathering the additional negative momentum to manage to record additional negative targets that might extend towards 128.75 in the near term and medium term period.

 

The risks of postponing the negative attack and the beginning of the bullish correction will appear in case breaching 131.10 barrier, to push the price to target some positive targets that might start at 131.45 and 132.20.

 

The expected trading range for today is between 130.65 and 129.10

 

The expected trend for today: Bearish

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