The EURJPY pair attempted to form some sideways trading yesterday by fluctuating near 121.40 level, while that won’t affect the bearish scenario due to its consolidation below the initial resistance 122.10.
Also, the main stability within the bearish channel will increase the negative pressures on the price, to continue suggesting the negative attempts that will target 120.60 followed by 119.70.
The expected trading range for today is between 121.65 and 120.60
The expected trend for today: Bearish