The EURJPY pair declined below 131.00 level, settling below 23.6% Fibonacci correction level that appears on the chart, which confirms keeping the bearish bias domination, to continue suggesting more negative trades and expect targeting 129.90 followed by 128.90 levels, to test the previously recorded low.
Stochastic stability above 20 level might force the price to provide some intraday sideways trading until forming new negative wave, to pave the way to gather additional negative momentum followed by reaching the suggested targets.
Expected trading range for today is between 131.00 and 128.90
Expected trend for today: Bearish