
**“EURJPY showed negative momentum as the stochastic indicator declined toward oversold levels, testing the bullish channel support at 183.45. The pair is attempting to hold above this level to maintain the bullish trend and target resistance near 184.40. A break above 184.40 would open the way for the next bullish target at 184.90.
On the downside, a drop below the current support would confirm a shift to the short-term bearish corrective trend, potentially exposing the pair to further losses toward 183.10 and 182.90.
Today’s expected trading range: 183.50 – 184.40
Trend forecast: Bullish”**
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