The EURJPY pair didn’t manage to settle at 186.00, forcing it to activate the negative trend again, affected by stochastic reach below 50 level, suffering several losses by reaching 184.38.

 

Today’s forecast depends on the attempt of forming a new support at 184.25 level, and its stability makes us expect renewing the positive attempts to reach 184.45, then repeat the pressure on the previously mentioned barrier, while breaking the current support and holding below it will confirm the readiness of targeting new bearish stations, to expect reaching 183.75 and 183.50.

 

The expected trading range for today is between 184.25 and 185.45

 

Trend forecast: Bullish