EURJPY provides new negative signal – Analysis – 20-12-2018

The EURJPY pair hinted its surrender to the negative trades by providing new negative close below 128.00, to notice the beginning of recording some negative levels by reaching 127.53, while we expect to face negative pressures to surpass 126.90 level and target new levels that might start at 126.15 and 125.70.

As long as the moving average 55 remains intact above 128.00 resistance, that will confirm blocking the price within the negative range, to keep waiting to achieve the mentioned main negative targets.

Expected trading range for today is between 128.00 and 126.90

Expected trend for today: Bearish