The EURJPY has to decline – Analysis – 1-2-2023

Despite the EURJPY pair’s recent weak sideways trades and moving within tight track represented by 142.10 resistance and 140.25 support, the major indicators attempt to provide the negative momentum will form strong negative motive to allow us to keep the negative overview for the upcoming trading.

We remind you that succeeding to crawl below the mentioned support and getting negative close will open the way to form strong negative trades, to target many negative stations that might start at 139.40 followed by reaching 138.20 obstacle.

The expected trading range for today is between 141.90 and 140.25

The expected trend for today: Bearish