The EURJPY pair surrendered to the negative trading by settling within the bearish channel, affected by the strength of the additional resistance at 123.50 to form new decline and achieving 122.65 level yesterday.
Also, stochastic consolidation below 50 level increases the chances of gathering the negative momentum again, to assist to renew the negative attempts that targets 122.00 followed by 120.35 levels in the upcoming period.
The expected trading range for today is between 123.15 and 122.00
The expected trend for today: Bearish