The EURJPY prepares for new decline – Analysis – 30-11-2022

The EURJPY pair repeated its negative fluctuation below 143.80 level, to confirm postponing the bullish attack and attempt to resume the correctional bearish bias by moving towards 143.00 yesterday, also, stochastic continues to provide the negative momentum to force the price to form new negative waves in order to reach the bullish channel’s support at 142.00.

Note that breaking the major support will confirm moving to the bearish track, to expect suffering big losses that might start at 141.40.

The expected trading range for today is between 144.00 and 142.00

The expected trend for today: Bearish