The EURJPY pair kept its stability within the bearish channel by providing new negative close below 124.40 resistance, while the continuous stability of this resistance allows us to suggest more negative closings that target 123.50 initially, followed by reaching 122.00 in the upcoming period.
Stochastic continuous fluctuation within the oversold areas reinforces the bearish overview by providing strong negative momentum to ease the mission of recording the suggested targets.
The expected trading range for today is between 124.40 and 123.50
The expected trend for today: Bearish