The EURJPY surrenders to the resistance line stability – Analysis – 3-4-2023

The EURJPY pair provided new negative close below the key resistance 145.65, to notice crawling towards 143.90 level and settle within the bearish channel, to reinforce the continuation of the previously suggested negativity.

Also, the stability of the bearish channel’s resistance near 144.60 forms major factor to activate the negative attack, to keep waiting to gather the negative momentum and ease the mission of reaching the negative stations that might start at 143.10 and 142.50.

The expected trading range for today is between 144.50 and 143.10

The expected trend for today: Bearish