The EURJPY touches the target – Analysis – 11-7-2022
Economies.com
2022-07-11 07:26AM UTC
The EURJPY pair succeeded to reach the negative target at 136.70 to form strong obstacle against the negative attempts, to notice forming correctional bullish rebound towards 138.50, reminding you that the frequent stability below 139.80 resistance allow us to keep the negative overview, to expect renewing the bearish attempts in order to renew the pressure eon 136.70 obstacle.
Also, stochastic crawl below 50 level will assist to provide the additional negative momentum to agree the negative stability and increase the chances of reaching the previously suggested target.
The expected trading range for today is between 139.40 and 137.40
The expected trend for today: Bearish
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