The EURJPY pair lost the negative momentum to provide sideways fluctuation by settling near 156.85.

 

We remind you that the negative scenario will remain valid due to the consolidation within the bearish channel, in addition to 158.90 level that forms major barrier, which allow us to wait to gather the negative momentum again to ease the mission of targeting the negative stations by moving towards 155.30 level first, while breaking this obstacle might extend losses towards 153.90 to form the next main target for the negative trades.

 

The expected trading range for today is between 155.30 and 157.60

 

Trend forecast: Bearish