The EURJPY still negative – Analysis – 25-11-2019

The EURJPY pair continued to provide negative trading recently affected by its stability within the bearish channel, thus, we expect renewing the negative attempts as long as 120.75 resistance level remains intact, to target 119.10 level that forms the minor bullish channel’s support line that appears on the chart.

The risks of changing the trend will appear after rallying above the mentioned resistance, to confirm forming the minor bullish channel that appears on the chart, confirming its preparation to target positive levels by moving towards 121.50 and 123.00 levels.

The expected trading range for today is between 120.75 and 119.10

The expected trend for today: Bearish