The EURJPY pair surrender to the stability of 178.10 barrier, to cancel the chance of activating the bullish trend, to begin forming bearish waves by holding near the extra support level at 176.30.

 

Providing negative momentum by the main indicators makes us wait for breaking the additional support and providing a negative close below it to confirm its readiness to form strong bearish waves that might push it to reach 175.60, to press at 174.95 once again, while breaching 178.10 level and holding above for at least four hours will confirm its readiness to form strong bullish waves in the near period.

 

The expected trading range for today is between 175.60 and 177.35

 

Trend forecast: Bearish