EURJPY maintained its negative stability since yesterday’s trading below the additional resistance barrier at 179.45, approaching the downside target at 178.00 by a narrow margin before being forced into some sideways trading in an attempt to gather additional negative momentum.

 

In general, the bearish bias will remain valid as long as the resistance level at 180.80 holds, keeping the way open for further bearish waves that could soon extend toward 177.80, followed by the next target near 176.70.

 

The expected trading range for today is between 177.80 and 179.50

 

Trend forecast: Bearish