The EURJPY surrenders to the stability of the barrier – Analysis – 21-11-2022

Despite the EURJPY pair’s frequent consolidation within the bullish channel, its negative fluctuation below the additional barrier 145.65 increases the chances of forming correctional bearish waves, to notice its crawl towards 144.40.

The price needs additional negative momentum to assist to confirm the domination of the bearish bias, reminding you that it is important to break 143.80 to open the way to reach the main stations at 142.50 and 141.40.

The expected trading range for today is between 145.00 and 143.80

The expected trend for today: Bearish