EURJPY needs to confirm the break – Analysis – 19-12-2018

The EURJPY pair failed to record any new negative level yesterday, affected by stochastic rebound above 50 level, to block the previously suggested negative attack, while in general, the price consolidation below 128.90 resistance besides the moving average 55 forming additional resistance by consolidating at 128.45 reinforces the negative attempts, to keep waiting to gather additional negative momentum and manages to reach 126.90 followed by 126.15 levels.

Expected trading range for today is between 128.45 and 127.30

Expected trend for today: Bearish