The EURJPY moves within tight range – Analysis – 22-7-2021

The EURJPY pair started to form mixed sideways trades due to its recent confine within tight track, represented by 131.10 resistance and 128.80 support, also, the contradiction between the major indicators support the domination of the sideways bias to keep waiting to surpass one of the major levels and manage to confirm the next main trend.

Note that succeeding to crawl below the mentioned support will open the way to resume the expected main bearish attack to target new negative targets that might start at 128.35 and 127.80 levels.

The expected trading range for today is between 130.65 and 128.90

The expected trend for today: Sideways