The EURJPY pair still affected by the negative pressures to notice providing negative close below 38.2% Fibonacci correction level to increase the chances of testing the key support 127.90, while the current bearish scenario depends on the price stability below the moving average 55, which forms strong barrier at 130.00.
Stochastic continuous fluctuation within the oversold areas reinforces our negative overview by providing additional momentum until touching our suggested target.
Expected trading range for today is between 129.15 and 127.90
Expected trend for today: Bearish