The EURJPY pair resumed its negative crawling to approach 122.00 support, reminding you that it is important to hold above this support to confirm the attempt to renew the bullish correction that targets 123.10 followed by 123.80 levels.
On the other hand, surrendering to the negative pressures – provided by stochastic consolidation within the oversold areas – will confirm surrendering to the domination of the bearish bias, expecting to suffer big losses by moving towards 121.45 and 120.80 levels.
The expected trading range for today is between 122.00 and 123.10
The expected trend for today: Bullish