No news for the EURJPY price by its repeated fluctuation below the bearish channel’s resistance at 123.80, to keep the bearish correctional expectation in the upcoming trading, we wait for gathering new negative momentum, which increase the chances for reaching 121.60, waiting for breaking this level to extend the expected losses to reach 120.00 in the upcoming period.
We should mention that the price rally above the mentioned resistance will cancel the bearish overview, to open the way towards building new bullish bias, to target positive levels that begin at 124.60 reaching to 126.15.
Expected trading range for today is between 123.80 and 121.60
Expected trend for today: Bearish