The EURJPY pair started to form new negative crawling to support the bearish scenario by moving away from the initial resistance 120.70, expecting to gather new negative momentum to decline towards the bearish channel’s support at 117.50 direct, followed by monitoring the price behavior to manage to detect the main trend for the upcoming trading.
The expected trading range for today is between 119.25 and 117.50
The expected trend for today: Bearish