The EURJPY pair lost its negative momentum after touching 154.78 level, to form correctional bullish rebound and notice testing the additional barrier at 157.35 and settling below it.

 

The frequent stability below this barrier allows us to wait to gather the additional negative momentum to ease the mission of forming strong negative waves and target 155.90 followed by 155.20 levels soon, while jumping above the barrier will reinforce the chances of resuming the positive correction to expect rallying towards 158.20.

 

The expected trading range for today is between 155.90 and 157.35

 

Trend forecast: Bearish