The EURJPY pair resumed forming clear negative trades to notice crawling below the first negative target at 158.40, hinting its preparation to form new negative waves now.

 

The frequent stability below 160.25 barrier and getting negative momentum by the major indicators will increase the chances of targeting 157.35 support line soon, while breaking it will push the price to suffer new losses by crawling towards 156.20.

 

The expected trading range for today is between 157.35 and 159.20

 

Trend forecast: Bearish