EURJPY continues corrective decline – Forecast | 16-01-2026

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The EURJPY pair confirmed the continuation of its bearish corrective bias by falling below 184.10, reaching the next target identified in the previous report at 183.40, which now serves as a key support against further downside attempts.

Price action is currently influenced by a sideways bias, confined between resistance at 184.10 and support at 183.40. This support level could provide the bullish momentum needed to push the pair above 184.10, potentially resuming the upward trend toward 184.85. Conversely, a break below 183.40 would open the path for further corrective targets, beginning at 182.65.

Expected trading range for today: 183.40 – 184.10
Trend forecast: Bullish

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