The EURJPY pair kept its negative stability within the bearish channel, affected by the strength of 121.30 barrier, to notice forming some negative waves that pave the way to target move negative levels in the near term and medium term period.
Also, stochastic sharp decline and settling below 50 level will increase the chances of gathering the negative momentum, to ease the mission of reaching 120.00 and 119.30 levels.
The expected trading range for today is between 121.00 and 120.00
The expected trend for today: Bearish