The EURJPY pair formed several bearish waves, affected by the stability below 184.85 barrier, activating with the main indicators’ negativity, achieving the previously suggested targets by reaching 182.05 level, which keeps forming an obstacle against the negative trading.

 

The last intraday positive rebound doesn’t threaten changing the negative track, to keep waiting for extra negative momentum to gather, to ease the mission of breaking 182.05 level and holding below it to confirm its readiness to target new bearish stations that might begin at 181.55 and 181.10.

 

The expected trading range for today is between 181.55 and 183.20

 

Trend forecast: Bearish