The EURJPY pair continued to provide slow trading recently, attempting to hold the major indicators’ negativity until finding the chance to resume the previously waited bullish correction, while we assure the importance of 123.50 support line stability for the bullish overview, reminding you that the first target is located at 125.60 due to forming an extension of an old resistance as appears on the chart.
Expected trading range for today is between 124.00 and 125.60
Expected trend for today: Bullish