The EURJPY pair was forced to provide new sideways trading, attempting to face stochastic temporary negativity, to keep its positive stability within the bullish channel’s levels, noticing its repeated stability above the extra support level at 170.45.

 

If the price succeeded in gaining positive momentum, we expect activating the bullish attack by surpassing the initial obstacle at 172.35, then repeats the pressure on the barrier near 173.40 to find an exit for resuming the bullish attack in the upcoming period trading.

 

The expected trading range for today is between 171.25 and 173.40

 

Trend forecast: Bullish