The EURJPY pair ended yesterday by providing negative close below 160.15 level, to provide new negative signal that allows us to suggest more negative attempts to target 159.10 followed by reaching 157.85 on the medium-term basis.

 

Also, 160.85 level forms additional barrier, and the major indicators continue to provide the negative momentum, to support the negative overview and wait to touch the previously suggested negative stations.

 

The expected trading range for today is between 159.10 and 160.70

 

Trend forecast: Bearish