The EURJPY pair kept its consolidation near 158.60 since yesterday, taking advantage of stochastic additional negative momentum signals, to increase the chances of resuming the negative attack on the near-term basis.

 

Succeeding to break 158.60 and holding below it will open the way to target more negative stations, starting at 157.90 as a first station, followed by attempting to press on the additional support at 157.30.

 

The expected trading range for today is between 157.90 and 159.60

 

Trend forecast: Bearish