Despite the EURJPY pair forming intraday positive rebound, its stability within the main bearish channel confirms its preparation to resume the negative attack in the near term and medium term period, noticing the stability of the moving average 55 below the main resistance 126.50 to increase the negative pressures and ease the mission of crawling below the initial support at 123.50, to target more negative levels that begin at 122.00.
The expected trading range for today is between 125.05 and 123.50
The expected trend for today: Bearish