The EURJPY pair faced strong negative pressures yesterday due to stochastic decline towards the oversold areas, which pushed the price to suffer some losses due to moving towards 126.07, reminding you that the consolidation within the bullish channel based on the stability of the main support 125.10 forms major factor to continuation of the positivity in the near term and medium term period.
Therefore, we will keep waiting to gather the positive momentum, assuring the importance of rallying above 126.75 obstacle to ease the mission of reaching the new positive stations at 127.40 and 129.35 levels.
The expected trading range for today is between 125.85 and 127.40
The expected trend for today: Bullish