Overview
The EUR/JPY price provided new negative trading yesterday, having approached the first target at 113.60. The negative suggestion depends on the stability of the bearish channel's resistance located at 115.35 which should increase the negative pressure and push the price towards 112.20 in the medium period. Stochastic decline and its attempt to reach the oversold level will increase the chances for gaining the negative momentum and reinforce the negative suggestion until reaching the suggested targets. The expected trading range for today is between 114.70 and 112.20.
