The EURJPY pair formed some negative waves on last Friday by targeting 155.80 level, to confirm its surrender to the domination of the previously suggested bearish bias, while the contradiction between the major indicators might force the price to form some sideways trades until gathering the additional negative momentum to ease the mission of breaking 155.35 level and reach the additional negative stations at 154.45 and 153.60.

 

On the other hand, rallying above 158.90 and settling above it confirms postponing the negative attack to start forming correctional bullish waves to target 160.00 and 160.80 levels before any attempt to reach the additional negative stations.

 

The expected trading range for today is between 155.35 and 157.60

 

Trend forecast: Bearish