The EURJPY pair surrendered to the major indicators’ negativity this morning to notice its sharp decline towards the key support at 129.40, while regaining the bullish bias requires getting new close above the current support to assist the attempt to rally towards 130.00, followed by starting to achieve positive targets that start at 131.05.
We should note that any attempt to decline below the current support will change the main trend to the negativity, to start expecting suffering big losses in the near term and medium term period by moving towards 128.95 followed by 127.60 levels.
Expected trading range for today is between 129.40 and 130.00
Expected trend for today: Bullish