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The EURJPY reaches the initial target– Forecast today – 15-5-2026
The EURJPY pair formed a new bearish wave during yesterday’s trading, reaching the first target at 184.10, where it encountered the 61.8% Fibonacci retracement level before quickly rebounding toward 184.80, as shown on the attached chart.
We reiterate that the bearish scenario remains valid as long as the main resistance at 185.50 holds. Therefore, we continue to wait for additional negative momentum accumulation, which could enable a break below 184.10 and open the way toward new downside targets at 183.50 and 182.75.
The expected trading range for today is between 183.50 and 185.00
Trend forecast: Bearish
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