The EURJPY pair did not show any action since yesterday, despite its stability within the bullish channel, as the major indicators contradict, to settle near 120.50 support line.
Stochastic reach to the oversold areas confirms getting rid of the negative pressures, allowing the price to gain the required additional positive momentum to record the targets at 121.80 and 122.50 levels.
The expected trading range for today is between 120.50 and 121.80
The expected trend for today: Bullish