The EURJPY currency pair has continued its downward trajectory, closing consistently below the 158.90 resistance level. This confirms the persistence of the negative trend outlined in previous forecasts. The pair reached a low of 156.05, with further bearish momentum indicated by stochastic indicators, which suggest a potential for stronger declines in the near term. As a result, the EURJPY is now targeting 155.70, with additional pressure likely to push the pair towards the next support level at 155.30.
Looking ahead, the expected trading range for today is between 155.30 and 157.60, with the overall trend forecast remaining bearish.
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