Despite the neediness of the EURJPY pair to positive momentum since yesterday, its positive stability above 171.75 confirms the stability of the bullish track, to increase the chances of reaching the initial main target at 173.40 and surpassing it will reinforce the chances for recording extra gains that might extend towards 173.85 and 174.40.

 

Notet that the price decline below 171.75 and providing bearish closes will increase the chances for activating the attempts of gathering the gains by forming bearish correctional waves, to expect targeting 171.10 level, reaching the support near 170.45. 

 

The expected trading range for today is between 172.00 and 173.80

 

Trend forecast: Bullish