Despite the EURJPY pair forming sideways trades and fluctuating near 160.65 now, that won’t affect the main bearish track due to the frequent consolidation below the additional barrier 161.70, in addition to the continuous negative momentum coming by the major indicators.

 

These factors will keep our bearish overview to attempt to renew the pressure on 159.80 obstacle to open the way to resume the negative attack and reach the additional stations represented by 159.10 and 157.85 levels.

 

The expected trading range for today is between 159.10 and 161.20

 

Trend forecast: Bearish