The EURJPY pair formed new bearish wave yesterday, to press on the bullish channel’s support line at 129.60, threating the positive stability by increasing the chances to move to the bearish track now.
Note that the continuous negative momentum coming by stochastic allows us to wait to break the current support followed by waiting to record many negative targets by moving towards 129.10 and 128.50 levels.
The expected trading range for today is between 130.00 and 129.10
The expected trend for today: Bearish