EURJPY confirms the negativity – Analysis – 26-11-2018

The EURJPY pair confirmed the continuation of the bearish bias domination, by forming a new bearish channel by the stability of the resistance at 128.90 as appears in the image, the stability of this resistance will increase the chances for forming new negative trading, to expect providing new negative pressure on the obstacle at 127.80, and surpassing it will extend the trading to 127.10 and 126.60.

Stochastic begin to form a bearish wave and its stability below 50 level reinforces our bearish suggestion by providing new negative momentum, to increase the chances for recording the suggested negative targets.

Expected trading range for today is between 128.90 and 127.80.

Expected trend for today: Bearish