In spite of the negative pressures on the EURJPY pair’s price by stochastic decline below 50 level, but the repeated stability above the support at 127.40 level makes us keep preferring the bullish attempts, which might target 129.00 and 129.80 level.
Note that the price attempt to decline below the mentioned support will increase the chances for its move to the bearish track, to begin forming strong bearish waves in order to reach to 126.75 initially.
The expected trading range for today is between 127.50 and 129.00
The expected trend for today: Bullish