Despite the EURJPY pair forming bullish wave recently, the frequent negative closings below the initial resistance 122.10 confirms the continuation of the previously suggested bearish scenario.
Therefore, we will keep waiting to gather new negative momentum to ease the attempt to form new negative trades, waiting to record new targets by reaching 120.60 and 119.70 levels.
The expected trading range for today is between 122.10 and 120.60
The expected trend for today: Bearish