The EUR/JPY currency pair has experienced notable losses, driven by a bearish shift in major indicators. The pair broke below the key support level of 157.25, plunging to 155.60.
Ongoing fluctuations beneath the historical support at 156.50 suggest a continuation of the bearish trend for both the near-term and medium-term. This trend indicates potential further declines, with the next targets at 155.10 and subsequently at 153.75.
The anticipated trading range for today is between 155.10 and 156.50.
Trend Forecast: Bearish
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