Despite the EURJPY pair’s recent mixed trades, consolidating within the bearish channel besides the stability of 120.00 resistance confirms the continuation of the negativity in the near term and medium term period.
Therefore, we will keep our negative overview that requires holding below 117.65 level initially, to increase the chances of the bearish track efficiency, waiting to reach 116.30 followed by 115.40 levels.
The expected trading range for today is between 120.00 and 117.65
The expected trend for today: Bearish