The EURJPY pair touched 159.95 level yesterday followed by starting to form correctional bullish rebound, affected by stochastic exit from the oversold areas, to notice targeting the broken additional support at 160.20.

 

This positive rebound won’t form any threat to the main bearish track by settling below 161.65 barrier frequently, to keep waiting to gather the additional negative momentum and manage to renew the negative attempts to reach 159.10 and 158.35 levels soon.

 

The expected trading range for today is between 159.10 and 160.80

 

Trend forecast: Bearish