The lack of the positive momentum led the EURJPY pair to provide mixed trades, to move within tight track represented by 163.25 resistance and 161.60 support.

 

Also, the recent contradiction between the major indicators reinforces the domination of the sideways bias, to stay neutral until surpassing one of the major levels, noting that succeeding to breach the resistance will confirm moving to the bullish track to start achieving many gains that start at 164.00, while breaking the support and holding below it will force the price to suffer many losses by moving towards 161.00 first.

 

The expected trading range for today is between 161.65 and 163.25

 

Trend forecast: Neutral