The EURJPY pair surrendered to the negative pressures in Friday’s trading, forming a strong negative attack, to notice hitting the target at 118.45, facing 23.6% Fibonacci correction level might force it to provide some sideways fluctuated moves until breaking the current obstacle, which will open the way towards recording extra negative targets by reaching 117.75 and 116.55.
Stochastic stability within the oversold level reinforces our negative suggestion by providing a new negative momentum, to increase the chances for achieving the required break and begin targeting the mentioned extra levels.
The expected trading range for today is between 119.00 and 117.75
The expected trend for today: Bearish