“EUR/JPY Likely to Face Downside Pressure – Forecast – 28 Oct 2025”

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The EUR/JPY pair struggled to resume its bullish momentum, encountering resistance at the 178.00 level, which triggered a short-term bearish corrective move down to 177.25.

Continued bearish pressure could push the pair below 177.05, confirming the potential for further corrective trading toward 176.35 and 175.65. Conversely, a successful break and hold above 178.00 would strengthen the prospects for additional gains, with initial targets at 178.65 and 179.30.

Today’s expected trading range: 176.65 – 178.00

Trend forecast: Bearish

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