The EURJPY pair began with clear negativity this morning, by forming a new corrective decline by targeting 183.75 level, due to providing negative momentum by stochastic by reaching below 50 level, besides forming extra barrier at 184.40 level.

 

We expect providing more corrective attempts, which might target 183.55 level reaching the main support at 183.05, while surpassing the mentioned barrier and holding above it will confirm its readiness to renew the bullish attempts, repeating the pressure on 184.90 level to find an exit to record new historical gains in the upcoming period.

 

The expected trading range for today is between 183.05 and 184.00

 

Trend forecast: Bearish