EURJPY confirmed its commitment to the bearish scenario by recently closing below the resistance level at 180.80. During Friday’s trading, the pair posted a sharp decline, approaching the first additional target at 178.60.

 

The price now needs to gather further negative momentum to remain below 179.40, allowing it to renew pressure on the target at 178.60. A break below this level could extend the decline directly toward the next bearish target around 177.40.

 

The expected trading range for today is between 178.00 and 180.00

 

Trend forecast: Bearish