The EURJPY pair failed to record any new positive target due to the continuous fluctuation below the additional resistance at 163.25, to notice forming mixed trades now by crawling towards 161.90 followed by settling near the MA55.

 

We expect to confine trades between the mentioned resistance and the additional support at 161.80, to stay neutral and wait to surpass one of the mentioned levels to manage to detect the next near-term and medium-term trend.

 

The expected trading range for today is between 161.80 and 163.25

 

Trend forecast: Neutral