The EURJPY pair confirmed its readiness to resume the main bearish trend by providing a negative close again below the main barrier at 180.80 level, reaching 177.85 in Friday, achieving the previously awaited initial target.

 

The continuation of providing negative momentum by the main indicators will increase the efficiency of the negative trend, which might target new negative stations that begin at 177.35 reaching the next support near 176.70.

 

The expected trading range for today is between 177.35 and 178.60

 

Trend forecast: Bearish