The EURJPY pair surrendered to stochastic negativity yesterday, forming new negative waves to crawl below the sideways track’s support line at 161.60, to notice resuming the negative attempts this morning and settling near 160.80.

 

Now, the major indicators provide the negative momentum to increase the sharpness of the bearish track, to expect suffering additional losses by crawling below 160.90 level again and targeting the additional support at 160.20.

 

The expected trading range for today is between 160.20 and 162.10

 

Trend forecast: Bearish