The EURJPY price moves slowly in spite of its stability below the barrier at 121.60, affected by stochastic attempt to surpass the oversold level, which might force the price to form an intraday sideways bias until gaining new negative momentum, to keep recording the negative targets by reaching 120.00 and 118.60.
Any attempt to provide positive close above the mentioned barrier will delay the negative overview, to gain strong positive motive that allows it to reach 123.30 followed by the extended resistance at 124.60.
Expected trading range for today is between 121.60 and 120.00
Expected trend for today: Bearish