The EURJPY pair faced difficulty resuming the bullish attack, to form extra barrier at 178.00 level, forcing it to activate the bearish corrective track by reaching 177.25.

 

Note that suffering extra bearish pressure might force it to break 177.05 level, to confirm its readiness to provide extra corrective trading, to target 176.35 and 175.65 level, while the price success by breaching 178.00 level and holding above it will reinforce the chances of recording extra gains, to expect targeting 178.65 and 179.30 level initially.

 

The expected trading range for today is between 176.65 and 178.00

 

Trend forecast: Bearish