The EURJPY pair surrendered to the negative factors in yesterday’s trading, which are represented by the continuation of forming a strong barrier at 185.80 level besides providing negative momentum by stochastic, which forces it to form new bearish waves, to settle below the support level at 184.20.

 

Note that the attempt of forming extra barrier at 184.85 level will increase the chances of forming new bearish waves, to expect reaching 183.50 followed by the next support at 183.00, while surpassing the current barrier will provide a chances for recovering the previously achieved losses by its rally towards 185.40 and 185.80.

 

The expected trading range for today is between 183.50 and 184.60

 

Trend forecast: Bearish