The EURJPY pair didn’t settle above the bullish channel’s resistance at 171.85, due to its neediness to the positive momentum, which forces it to form a temporary rebound by targeting 171.20 level, then begin forming sideways trading attempting to gather the required positive momentum.

 

To recommend waiting for confirming breaching the current resistance, to reinforce the chances for forming a new bullish attack, to target the positive stations near 172.85 and 173.45, while the breach failure might force it to form a new correctional rebound, to suffer some losses by reaching 170.45 and 169.65.

 

The expected trading range for today is between 171.20 and 172.85

 

Trend forecast: Bullish