The EURJPY pair touched 119.40 level yesterday, facing the minor bearish channel’s resistance to notice its quick negative rebound towards 118.80, expecting to end the correctional bullish attempts due to the main stability within the bearish channel that its resistance line located at 119.75.
Therefore, we will suggest the bearish bias and expect gathering the negative momentum to start declining to target 118.20 followed by 117.30 to face the moving average 55.
The expected trading range for today is between 119.55 and 118.20
The expected trend for today: Bearish