The EURJPY pair still confined between the temporary sideways range’s lines represented by 123.50 initial resistance and 122.00 obstacle against resuming the negative attack.
The price stability within the bearish channel that appears on the chart allows us to suggest more negative attempts that require breaking 122.00 level, to target new negative levels that start at 121.20 and 120.30 levels.
The expected trading range for today is between 123.50 and 122.00
The expected trend for today: Fluctuated within the negative range