The EURJPY repeats the negative closings – Analysis – 30-11-2021

The EURJPY pair kept its negative stability below 128.60 barrier, to reinforce the domination of the previously expected bearish bias, also, stochastic provides the negative momentum by crawling below 50 level, allowing us to suggest more negative attempts, waiting to target 127.40 followed by reaching the next support line at 126.80.

Note that attempting to rally above the mentioned barrier and holding above it will postpone the negative attack, allowing it to decrease the losses and target some positive levels that start at 129.20.

The expected trading range for today is between 128.60 and 127.40

The expected trend for today: Bearish