Despite the weakness of the last trading of EURJPY pair’s price and forming weak sideways fluctuation by its stability near 178.50, it will not affect the main bearish scenario due to its stability below 180.80 barrier.

 

Providing negative momentum continuously by the main indicators will increase the chances of attacking 177.80 barrier, as surpassing it will open the way for reaching extra negative stations that are represented by 177.35 and 176.70 level. 

 

The expected trading range for today is between 177.35 and 179.40

 

Trend forecast: Bearish