The EURJPY pair began trading sideways with limited movement, as negative signals from the main indicators conflict with the bearish momentum, while the price continues to hold above support at 174.90, resulting in repeated fluctuations around 176.00.

 

Continued negative pressure, along with repeated stability below the additional resistance level at 177.80, could increase the chances of renewed bearish attempts. The pair is expected to retest current support, with a break below this level opening the door to further declines toward 174.55 and 173.95.

 

The expected trading range for today is between 175.00 and176.55

 

Trend forecast: Fluctuating