EURJPY Struggles Below Moving Average: Anticipating Negative Momentum

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.