The EURJPY pair announced its surrender to the bearish trend dominance by reaching below the sideways trend’s support at 214.20 level, forming some bearish waves and reaching 183.50 level.

 

The continuation of providing negative momentum by the main indicators will increase the chances of resuming the negative attempts, to expect targeting 182.85 level, reaching the next support at 182.30, while the attempt of regaining the bullish trend requires forming a strong bullish rally, to settle above 185.50 level.

 

The expected trading range for today is between 182.85 and 184.20

 

Trend forecast: Bearish