Despite the EURJPY pair’s recent positive trades, its consolidation within the main bearish channel besides its fluctuation below the initial resistance at 128.80 allows us to keep our bearish overview for the upcoming period.
Therefore, we will keep waiting to gather new negative momentum and start forming strong negative trading, reminding you that the negative targets reach 127.00 followed by 126.10, to press on 50% Fibonacci correction level that appears on the chart.
Expected trading range for today is between 128.80 and 127.00
Expected trend for today: Bearish