The EURJPY pair kept its stability below the additional barrier that is represented by 179.45 level, activating the negative trend and recording initial extra target by reaching 176.75 level.

 

The current corrective rebound will not threaten the bearish trend, depending on the stability below 180.80 resistance, besides the continuation of forming extra barrier at 179.45 level, and providing negative momentum by the main indicators makes us prefer breaking 176.70 level, to open the way for reaching new bearish stations that might begin at 176.00 and 175.60.

 

The expected trading range for today is between 176.00 and 178.20

 

Trend forecast: Bearish