The EURJPY currency pair has been experiencing slow, sideways movement, fluctuating around the 156.20 level. The pair is currently attempting to build additional negative momentum, reinforcing the previously suggested bearish bias.
It remains crucial for the price to stay below the 157.35 resistance barrier. Should the pair manage to gather further negative momentum, a decline toward the 155.30 level is anticipated. A break below this support could push the pair toward the next target at 153.90.
For today, the expected trading range is between 155.30 and 157.00.
Trend Outlook: Bearish
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