The EURJPY pair didn’t move until this morning, to continue fluctuating within the tight track represented by 131.10 resistance and 128.80 support, to hinder the previously expected main bearish trend.
Also, the continuous contradiction between stochastic positivity against the moving average 55 formation for additional barrier at 130.45 allows us to stay neutral until surpassing one of the major levels to manage to detect the next main targets.
The expected trading range for today is between 130.50 and 129.20
The expected trend for today: Neutral