EUR/JPY Analysis

[ArwaIbrahim]

The stochastic effect continued on the EUR/JPY pair, as evidenced by the continuous strong pressure on the additional support of 158.55 by touching 158.05 yesterday.

Now, confirming breaking the current support will confirm its affection by the domination of the bearish bias again, to expect suffering new losses that might extend towards 157.80 and 157.00, while activating the bullish track requires forming a strong bullish wave to surpass 159.65 and ease the mission of reaching many positive stations that might start at 160.60. The expected trading range for today is between 158.90 and 157.80.