The EURJPY pair failed to resume the bullish attack, due to its stability below %1.809 Fibonacci extension level, forming an extra barrier at 175.20, providing sideways trading since yesterday by its stability near 174.85.

 

Reminding you that the bullish scenario will remain valid, due to the stability within the bullish channel’s levels besides the continuation of forming an initial support at 173.40 level, which makes us wait for breaching the current barrier to ease the mission of recording extra gains that might begin at 176.00 and 176.95.

 

The expected trading range for today is between 174.20 and 175.20

 

Trend forecast: Sideways until achieving the breach