The EURJPY pair did not succeed to hold for long time against the negative pressures, to notice crawling negatively below 123.40 and settle within the bearish channel again, reaching 122.85 level.
The frequent stability below the bearish channel’s resistance and stochastic consolidation within the oversold areas allow us to expect resuming the negative attempts, to move towards 122.40 followed by reaching 121.15 in the near term and medium term period.
The expected trading range for today is between 123.45 and 122.40
The expected trend for today: Bearish