EURJPY still negative – Analysis – 28-11-2018

In spite of yesterday’s mixed trading of the EURJPY pair, but its continuous stability below the bearish channel’s resistance at 128.90 supports the continuation of the negativity in the upcoming trading, gaining a new negative momentum will assist the price to surpass the initial support at 128.35, to open the way towards recording the main targets at 127.80 and 126.60.

While the price attempt to rally above the mentioned resistance and providing a positive close will cancel negative overview, to begin forming a strong bullish trading by reaching 129.30 then 129.90.

Expected trading range for today is between 128.90 and 127.80

Expected trend for today: Bearish