The EURJPY pair attempted to form sideways trading yesterday, however its stability below 180.80 barrier pushed it to renew the bearish attempts, to settle near 178.40 level.

 

Providing negative momentum by the main indicators reinforces the chances of resuming the bearish trend, to expect surpassing 177.80 level to pave the way for reaching extra negative stations, which are located near 177.35 and 176.70.

 

The expected trading range for today is between 177.35 and 179.40

 

Trend forecast: Bearish