The EURJPY price affected by the negativity of the moving average 55 by forming strong barrier at 120.00 level, to notice the price attraction again to 118.50 level, to confirm the continuation of the expected negativity, therefore, we will keep waiting for renewing the negative trading until testing the support at 116.50, to monitor the price behavior due to the importance of this level to detect the main trend in the futuristic period.
Stochastic sharp decline and the attempt to settle within the oversold level supports the negative overview, to provide new negative momentum that confirms the attempt of recording the suggested target.
Expected trading range for today is between 119.05 and 116.80
Expected trend for today: Bearish