No change to the EURJPY pair’s correctional bearish track, providing frequent negative closings below 129.80 barrier, also, the moving average 55 blocks trades below the current barrier, to allow us to wait to form new negative waves in order to reach the main stations at 128.10 followed by the historical support at 127.00.
On the other hand, succeeding to breach the mentioned barrier and holding above it will support the main positivity again, to expect rallying towards 130.75 followed by reaching 132.60 in the upcoming period.
The expected trading range for today is between 129.40 and 127.00
The expected trend for today: Bearish