EURJPY continues to decline – Analysis – 21-12-2018

The EURJPY pair continued to provide negative trades, confirming the affection by the bearish bias domination, to notice its approach to the first target at 126.90, while gathering new negative momentum after stochastic reached the oversold areas reinforces our negative overview, to expect achieving targets by reaching 126.15 and 125.70 levels in the upcoming period.

We should note that it is important to hold below 128.00 resistance, to form solid barrier against the attempts to regain the bullish bias.

Expected trading range for today is between 127.80 and 126.15

Expected trend for today: Bearish