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The EURJPY hits the initial target– Forecast today – 30-7-2025
AI Summary
- EURJPY pair forming bearish correctional trading, settling near initial target at 171.15 level
- Negative momentum by stochastic and new barrier at 172.30 level suggest more negative attempts targeting extra support near 170.45
- Expected trading range for today between 170.45 and 172.00, trend forecast is bearish
The EURJPY pair resumed forming bearish correctional trading, to settle near the initial target at 171.15 level, note that the continuation of providing negative momentum by stochastic and forming a new barrier at 172.30 level against the current trading, which makes us prefer more of the negative attempts that might target the extra support near 170.45.
Note that breaking the targeted extra support will increase the efficiency of the bearish correctional track, forcing the price to suffer extra losses by reaching 169.75 and 169.20.
The expected trading range for today is between 170.45 and 172.00
Trend forecast: Bearish
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