The EURJPY pair faces new positive pressures yesterday to rally above the additional barrier at 120.10, hinting its surrender to the temporary correctional bullish bias, thus, we will suggest the bullish bias depending on 120.10 level forming new support to manage to test the main bearish channel’s resistance at 121.80.
On the other hand, crawling below 120.10 again and holding below it will confirm regaining the main bearish bias, to expect forming strong negative attack and increase the chances of breaking 119.10 support.
The expected trading range for today is between 120.40 and 121.80
The expected trend for today: Bullish