Despite the EURJPY pair forming sideways fluctuation recently, its negative consolidation below 118.50 level confirms blocking the price within the negative range in the near term and medium term period, also, getting new negative momentum by stochastic reach to the oversold areas increases the chances of resuming the negative attack until breaking 117.20 level to reach the next station at 116.50.
The expected trading range for today is between 118.20 and 117.20
The expected trend for today: Bearish