Despite the EURJPY pair’s recent slow trades and fluctuating near 120.30 initial barrier, that won’t affect its main bearish track, due to its fluctuation below the main resistance at 121.05.
Therefore, we will wait to gather new negative momentum to ease the mission of forming strong negative trades and manages to record the negative targets at 119.40 and 118.60.
The expected trading range for today is between 120.30 and 119.40
The expected trend for today: Bearish