The EURJPY pair succeeded to decline strongly yesterday, to record the first target at 122.40 and rebounds towards 122.70, affected by stochastic rally above 50 level and postpone the negative attack until gathering the additional negative momentum.
We will depend on 123.10 level forming additional resistance to increase the chances of gaining the negative momentum to manage to crawl below 122.40 support line and record more targets by moving towards 121.90 and 121.10 levels.
The expected trading range for today is between 123.10 and 121.90
The expected trend for today: Bearish