The EURJPY pair was under strong bearish pressure yesterday, to press on the bullish channel’s support, represented by 183.45 level, to begin this morning trading with new negative trading by its exit from the bullish track and suffering extra losses by reaching 182.60 level.

 

Providing negative momentum by the main indicators confirms the price surrender to the bearish scenario, to expect to continue targeting negative stations until reaching 182.00, to attempt to test the next support near 181.05.

 

The expected trading range for today is between 181.05 and 183.50

 

Trend forecast: Bearish