Despite facing strong negative pressures lately, the EURJPY pair’s frequent stability above the bullish channel’s support line at 129.60 will increase the chances of forming new bullish trades now, expecting to target 130.75 level, while surpassing this obstacle might extend trades towards 131.60 and 132.30 levels.
On the other hand, facing continuous negative pressures and crawling below the major support will cancel the bullish overview to start forming strong bearish waves and target 129.10 followed by 128.50 levels.
The expected trading range for today is between 129.60 and 130.70
The expected trend for today: Bullish