EURJPY remains on a bearish path, with the 179.45 level currently acting as an additional resistance barrier. However, continued conflicting signals from the main technical indicators have pushed the pair into some sideways trading, with the price stabilizing near 177.40.

 

We will continue to wait for the price to gather additional negative momentum, which could enable it to resume its bearish attempts, initially targeting 176.50 before exerting further pressure on the first additional support level at 175.75.

 

The expected trading range for today is between 176.50 and 178.20

 

Trend forecast: Bearish