The EURJPY pair is affected by the stability at 184.40 barrier in the last period, which forces it to form new negative trading, approaching the initial negative target at 182.90 as appears in the above image.

 

Note that stochastic stability below 80 level might push the price to provide more negative trading, to attempt to target 182.45 level reaching %23.6 Fibonacci correction level near 182.00, while its rally again above 184.40 will confirm its move to the bullish track, to attempt to achieve several gains by its rally towards 184.80 and 185.45.

 

The expected trading range for today is between 182.00 and 183.65

 

Trend forecast: Fluctuated within the bearish trend