The EURJPY pair confirmed the dominance of the bearish trend by providing repeated closes below 185.85 level, forming strong decline in Friday, approaching the initial target at 184.20, which represents an extra support against the last bullish rally.

 

The contradiction of the main indicators might force the price to provide weak sideways fluctuation, confining the trading between the current support and 184.90 level, which represents an extra barrier against the bearish trading, while breaking the support and holding below it will open the way for targeting more negative stations, which might begin at 183.70 and 183.25.

 

The expected trading range for today is between 184.20 and 185.00

 

Trend forecast: Sideways