The EURJPY pair kept providing bullish corrective trading since yesterday, benefiting from stochastic’ attempt of surpassing 50 level, recovering some losses by approaching the initial barrier at 179.10 level.

 

The contradiction of the main indicators might push it to provide mixed trading, the stability below the main barrier at 180.80 makes us keep the main bearish trend. Gaining negative momentum makes us expect forming bearish waves to target 178.40 and 177.35 level.

 

The expected trading range for today is between 178.40 and 179.65

 

Trend forecast: Fluctuating