The EURJPY without any change – Analysis – 18-8-2022
Economies.com
2022-08-18 06:54AM UTC
The EURJPY pair still stable below 137.55 barrier until this moment, to hinder the bullish attempts and keep suggesting the domination of the correctional bearish bias for the upcoming trading, reminding you that the initial negative targets are located near 136.20 followed by 134.40 that represents 50% Fibonacci correction level.
On the other hand, succeeding to breach the mentioned barrier and getting positive close above it will allow the price to renew the bullish attempts to start forming strong bullish rally in order to reach 138.60 and 139.60 levels.
The expected trading range for today is between 137.55 and 136.20
The expected trend for today: Bearish
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