The EURJPY pair continued to provide slow sideways trades by fluctuating near 156.20, attempting to gather the additional negative momentum to reinforce the domination of the previously suggested bearish bias.

 

We assure the importance of holding below 157.35 barrier, noting that succeeding to gather the negative momentum will push the price to decline towards 155.30 level, while breaking it will extend trades towards the next target at 153.90 direct.

 

The expected trading range for today is between 155.30 and 157.00

 

Trend forecast: Bearish