EURJPY Price Analysis Expected Scenario The EURJPY pair confirms its affection by the bearish correctional bias by providing repeated closes below 170.10 level. The above image shows a strong decline achieving 168.90 level, which represents the awaited target in the previous report. The continuation of the negative pressures by stochastic's attempt to reach the oversold level makes us expect forming a new bearish wave, to attempt to break the current support, then target new correctional stations that might extend to 168.55 and 167.85. The stability below 169.60 is important to decrease the chances for activating the bullish track. Expected Trading Range Between 169.40 support and 168.55 resistance.

Trend Forecast: Bearish