The EURJPY pair exited its sideways range by forming new negative wave, attempting to press on the initial obstacle at 117.65 to increase the chances of targeting new negative levels in the near term and medium term period by moving towards 116.30 followed by reaching 115.80 support.
The previously suggested negativity caused by the price consolidation within the bearish channel that appears on the chart, also, stochastic begins to crawl negatively to increase the chances of gathering the negative momentum to ease the mission of reaching the mentioned targets.
The expected trading range for today is between 118.60 and 116.30
The expected trend for today: Bearish