The EURJPY pair begins recording the negative targets by reaching 124.10 level recently, confirming the surrender to the main bearish bias domination, expecting to face new negative pressures by settling within the bearish channel and wait to reach 61.8% Fibonacci correction level at 123.50.
Also, stochastic stability within the oversold areas will increase the chances of gathering the negative momentum to ease the mission of renewing the negative attempts for now.
The expected trading range for today is between 124.80 and 123.50
The expected trend for today: Bearish