EURJPY still below the resistance – Analysis – 21-3-2018

The EURJPY pair repeated negative closes below the bearish channel’s resistance at 131.40, confirming its affection by the bearish bias domination, therefore, we will keep our negative suggestion until reaching the initial target at 130.30, and the continuation of the negative pressures might extend the losses to 128.80 in the upcoming period.

Stochastic stability within the oversold level reinforces the bearish bias domination by the continuation of providing negative momentum, to ease the attempt of recording the mentioned negative targets.

Expected trading range for today is between 131.40 and 130.30

Expected trend for today: Bearish