The EURJPY pair provided slow trading, but its repeated stability below the resistance at 131.10 represents a main factor to confirm the continuation of the negativity in the upcoming period, note that stochastic exit from the overbought level will increase the chances for gathering negative momentum, to ease the mission of reaching below the moving average 55 that is located at 130.05 in order to begin recording the main negative targets that are located at 129.40 and 128.80.
Note that surpassing the previously mentioned resistance and holding above it will cancel the negative overview, to expect forming strong bullish trading that might extend to 131.70 initially.
The expected trading range for today is between 130.80 and 129.70
The expected trend for today: Bearish