The EURJPY pair choose the bearish bias in yesterday’s trading by reaching below 128.40 level, forming a new bearish attack, to test an important support by reaching 127.50, the upcoming scenario depends on the strength of this support, to expect forming a bullish trading to press on 128.40 level, and surpassing it might extend the trading to 128.85 reaching to 130.00.
Stochastic surpass to the oversold level supports the bullish attempts, as it begin providing a new bullish momentum to ease the price mission to begin recording the suggested positive targets.
Expected trading range for today is between 127.50 and 128.85
Expected trend for today: Bullish