The EURJPY pair lost its previous negative momentum after reaching the 154.78 level, leading to a corrective bullish rebound. The pair is now testing the resistance at 157.35 but has settled below it.
The consistent inability to break above this barrier suggests that the pair may need to gather additional negative momentum to initiate stronger downward movement. If this occurs, the next target levels are 155.90 and 155.20. However, if the pair manages to break above the 157.35 level, it would likely lead to a continuation of the positive correction, potentially pushing the pair towards 158.20.
For today, the expected trading range is between 155.90 and 157.35.
Trend Forecast: Bearish
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