The EURJPY pair ended its rally above 166.40 level, to notice recording some extra gains by hitting 167.70 level, taking advantage of its main stability with the bullish channel’s levels besides stochastic attempt to provide extra positive momentum by its fluctuation near 80 level.

 

Therefore, we will keep our bullish scenario, which targets 168.20 level reaching to the resistance of the bullish channel at 169.45, to form the main target of the current period trading.

 

The expected trading range for today is between 166.75 and 168.20

 

Trend forecast: Bullish