The EURJPY pair provided positive rebound yesterday, while its frequent stability below the bearish channel’s resistance at 123.40 allows us to keep our bearish overview, waiting to crawl towards 122.40 that forms the first negative target, while surpassing it might extend trades towards 121.15.
Also, stochastic continuous fluctuation near 20 level will increase the chances of gathering the required negative momentum to record the suggested negative targets.
The expected trading range for today is between 123.45 and 122.40
The expected trend for today: Bearish