The EURJPY is weak – Analysis – 28-11-2022

The EURJPY pair surrendered to the frequent negative pressures by stochastic approach to 20 level, to crawl below 143.90 and confirm its surrender to the domination for the correctional bearish bias again, to settle near 143.40.

We expect to resume the negative attempts and move towards 142.80 followed by attempting to press on the bullish channel’s support line at 142.00, followed by monitoring its behavior to manage to detect the next main trend.

The expected trading range for today is between 144.00 and 142.00

The expected trend for today: Bearish