The EURJPY pair resumed the bullish attempts, taking advantage of its repeated stability above the extra support at 169.10, reaching the previously suggested target at 171.60, to face the resistance of the main bullish channel, which forces it to form a sideways fluctuation by its rebound to 171.30.

 

Due to the strength of the current resistance we expect entering instability station by the contradiction of the resistance stability against the main indicators attempts to provide the positive momentum, while resuming the bullish attack requires forming new bullish wave to settle above 172.00 level, to open the way towards recording extra gains that might begin at 172.80 reaching 173.90.

 

The expected trading range for today is between 170.45 and 171.90

 

Trend forecast: Fluctuated within the bullish track