The EURJPY pair declined clearly yesterday to record the first negative target at 129.65, while the current positive rebound is not considered as a threat to the bearish track, due to the stability below the main resistance at 131.10, in addition to stochastic continuous negative momentum signals.
Therefore, we will keep our bearish overview, to expect renewing the bearish attempts until recording new negative targets that might start at 129.20 and 128.70.
The expected trading range for today is between 130.30 and 129.20
The expected trend for today: Bearish