The EURJPY pair has maintained its consolidation around the 158.60 level since yesterday, with stochastic indicators signaling further negative momentum. This increases the likelihood of a continuation of the bearish trend in the near term.
A successful break below 158.60, and sustaining that level, would pave the way for further declines, with the first target set at 157.90. The pair may then press toward additional support at 157.30.
The expected trading range for today is between 157.90 and 159.60.
Trend Forecast: Bearish
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