In spite of the slowness of the EURJPY pair move in the last period, but its repeated stability below 120.70 level that forms the bearish channel’s resistance confirms the continuation of the suggested negativity.
Therefore, we will keep waiting for forming a strong bearish wave that allows it to break the barrier at 120.00, then begin recording its negative targets by reaching 119.10 and 118.40.
The expected trading range for today is between 120.70 and 119.10
The expected trend for today: Bearish