The EURJPY pair resumed the negative attack, taking advantage of stochastic negativity to break 181.05 level, reaching the second target at 180.80, forming a strong obstacle against the current negative trading.

 

Stochastic exit from the oversold level will provide intraday bullish momentum to allow it recover some losses to target 182.80 level, while the decline below 180.80 and providing negative attack to reach 180.15 reaching 179.45 in the medium period.

 

The expected trading range for today is between 180.80 and 182.00

 

Trend forecast: Fluctuated within bearish track