The EURJPY pair formed strong negative wave affected by its consolidation within the bearish channel to move away from 119.60 resistance to surpass the first negative target at 118.50.
The continuous negative pressures allow us to expect forming continuous negative pressure to attempt to press on the initial support at 117.65 to break it and extend trades towards 115.85 in the upcoming period.
The expected trading range for today is between 119.10 and 117.65
The expected trend for today: Bearish