EURJPY maintained its bearish stability by forming negative trading to move away from 177.80. The pair is currently fluctuating around 177.25, while continued negative momentum from the main indicators supports our bearish outlook, with the price potentially targeting several downside levels, starting at 176.35 and then 175.75.

 

We reiterate that a successful move above the resistance barrier, followed by a positive close, would confirm the pair’s shift toward a corrective bullish trend, increasing the likelihood of further gains toward 178.60 and then 179.40.

 

The expected trading range for today is between 176.35 and 177.80

 

Trend forecast: Bearish