The EURJPY pair activated with stochastic intraday negativity, to keep its stability below the barrier at 175.20, providing correctional trading by reaching 174.00.

 

Note that the current decline will not affect the bullish scenario due to the stability of the extra support at 173.40, therefore, we will keep waiting for gaining the positive momentum to ease the mission of surpassing the barrier and targeting new positive stations that might extend to 175.60 and 176.00, while breaking the extra support will confirm its surrender to the bearish correctional track, forcing it to suffer extra losses by reaching 172.60.

 

The expected trading range for today is between 173.65 and 174.85

 

Trend forecast: Fluctuated within the bullish track