The EURJPY under the negative pressure – Analysis – 6-4-2022

The EURJPY pair still affected by the negative pressures, as stochastic reaches the oversold areas, to increase the chances of renewing the previously expected correctional bearish attempts, thus, we will keep waiting to provide new negative close below 134.80 to manage to target the negative stations near 133.50 and 132.80.

On the other hand, rallying bullishly and settling above 135.65 will increase the chances of renewing the bullish attempts, to manage to reach some positive stations by moving towards 136.30 followed by reaching 137.45 high.

The expected trading range for today is between 135.70 and 133.50

The expected trend for today: Bearish