The EURJPY pair could not succeed to gather the negative momentum yesterday, to notice the continuous affection by the sideways bias domination by settling at 126.15 level, reminding you that the bearish scenario mainly depends on the stability of the bearish channel’s resistance at 127.40 to keep waiting to get the negative momentum and assist to attempt to reach 125.40 followed by 124.70 in the upcoming period.
Expected trading range for today is between 126.50 and 125.40
Expected trend for today: Fluctuated within the bearish range