The EURJPY pair provided intraday positive rebound yesterday, affected by the contradiction of the indicators, to postpone the expected negative attack, noting that the stability below 131.10 resistance confirms the preparation to build new negative trades now.
Also, the moving average 55 contradicts the intraday positive attempts by settling at 129.40 level, to increase the chances of gathering additional negative momentum and keep waiting to decline towards 128.10, while breaking this level will confirm targeting new negative levels that start at 126.10.
Expected trading range for today is between 130.00 and 128.10
Expected trend for today: Bearish