The EURJPY provides negative signal – Analysis – 2-12-2022

The EURJPY pair started today by forming new negative wave to settle below the bullish channel’s support line at 142.10, hinting moving to the bearish track by touching 141.80 level.

Note that it is important to provide negative closings below the broken support to react to the major indicators’ negativity by moving towards 140.40 level, followed by reaching the first main target at 140.30.

The expected trading range for today is between 142.40 and 140.40

The expected trend for today: Bearish