The EURJPY pair got rid of the positive pressures due to stochastic release from the overbought areas, to increase the chances of forming the negative trades again, while the price settles below the bearish channel’s resistance at 126.00 to confirm the preparation to target 124.40 in the near term period, followed by waiting to provide new pressure on 123.50 barrier.
The expected trading range for today is between 125.80 and 124.40
The expected trend for today: Bearish