EURJPY Struggles Below Moving Average: Anticipating Negative Momentum

The EURJPY pair continued to fluctuate beneath the 55-day moving average, which adds an additional obstacle at 143.50,


The EUR/JPY pair continued to fluctuate beneath the 55-day moving average, which adds an additional obstacle at 143.50, thereby increasing the likelihood of accumulating further negative momentum to renew the anticipated negative assault.

We anticipate targeting additional support at 140.25, and breaking this barrier is crucial to pave the way for reaching further negative targets situated near 139.40 and 138.20.


The projected trading range for today is between 143.00 and 141.25.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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