The EURJPY pair continued forming bearish correctional trading, to keep gathering the gains of the last bullish attack, hitting the 166.00 level, which represents the extra support level for the current trading.

 

Stochastic exit from the overbought level might force the price to renew the pressure on the current support, where breaking it will confirm its readiness to resume the attempts of gathering the gains by reaching 165.45 and 165.00, while activating the bullish track requires forming a strong bullish rally to settle above 167.35 level, then targeting new positive stations that begin at 168.00 and 168.90.

 

The expected trading range for today is between 165.45 and 166.85

 

Trend forecast: Fluctuated within the bullish track