The EURJPY price announced its affection by the bearish bias domination in the last trading, to notice forming negative attack, to achieve the initial negative target at 120.00, the price current fluctuation caused by its attempt to regain new negative momentum, to keep preferring the negative domination, waiting until reaching the second negative target in the near and medium period.
Stochastic attempt to surpass the oversold level forms the main factor for the current fluctuation, opening the way towards gathering the negative momentum, which confirms the attempt of resuming the negative attack until reaching the suggested target.
Expected trading range for today is between 120.60 and 118.60
Expected trend for today: Bearish