The bearish outlook for EURJPY remains unchanged, with the pair trading below the additional resistance barrier at 177.80. This reinforces our expectation that the price will gather negative momentum and begin targeting bearish levels, initially moving toward 176.55 and then 175.75.

 

However, a successful break above this resistance barrier and sustained trading above it would confirm the start of new corrective waves, potentially allowing the pair to achieve some gains, initially advancing toward 178.60 and then the resistance barrier near 179.45.

 

The expected trading range for today is between 175.75 and 177.80.

 

Trend forecast: Bearish