The EURJPY pair has tested the additional support level at 157.30 this morning, confirming the bearish outlook and currently stabilizing near 156.80.
Ongoing negative momentum, supported by key technical indicators, suggests further downward pressure. The pair is expected to target the 155.40 level, with a potential breach of this support paving the way for deeper losses, possibly toward the bearish channel’s support line at 153.75.
The forecasted trading range for today is between 155.40 and 157.80, with the prevailing trend remaining bearish.
Related topics: