Overview
No news for EUR/JPY. The pair is still fluctuating below the bearish channel's resistance at 123.80, thus keeping the bearish correctional expectation in the upcoming trading. We await new negative momentum, which increase the chances of reaching 121.60. A break of this level will extend the expected losses to 120.00 in the upcoming period. We should mention that the price rally above the mentioned resistance will cancel the bearish overview leading to a new bullish bias and targeting positive levels that begin at 124.60 and run to 126.15. The expected trading range for today is between 123.80 and 121.60.
