EURJPY returned to fluctuate near the resistance level at 181.80 amid continued conflicting signals from the main indicators, particularly as stochastic remains near the 80 level, limiting the chances of forming the previously suggested bearish trades.

 

Holding below the current resistance keeps the bearish scenario valid, with the pair expected to gather negative momentum, allowing it to begin targeting the bearish levels by moving first toward 179.45 and 178.60, respectively. However, breaking above the resistance and holding above it would invalidate the bearish outlook and give the pair an opportunity to target several positive levels, initially at 181.60 and 182.05.

 

The expected trading range for today is between 179.45 and 180.90.

 

Trend forecast: Bearish