In spite of the new bullish rally of the EURJPY pair price recently, but its stability generally below 120.05 level confirms its confinement within the negative range in the upcoming period trading, also the stability of the moving average 55 above the current barrier will increase its strength against the current trading, which forces it to begin forming bearish waves to target 118.90 reaching to 118.45 level.
The expected trading range for today is between 120.05 and 118.45
The expected trend for today: Bearish