The EURJPY price continued to form new bearish waves by surpassing 133.50 level, to be surprised by a new support level that located at 132.20 where it represents 50 % Fibonacci correction level(by the price decline from 169.85 reaching to 93.95 level), therefore, we expect the price affection by the sideways trading until breaking the current support to resume the negative expectation by reaching 130.90 and 127.80.
Therefore, there is a possibility for an intraday rebound by reaching 134.10 level, then the price will begin the negative attack to break the previously mentioned support.
Expected trading range is between 134.10 and 130.90
Expected trend for today: bearish