The EURJPY pair kept its positive stability above 175.20 level, confirming its surrender to the bullish bias dominance, to rally towards 176.30, which forces it to form an intraday rebound to gather more positive momentum for today.

 

Stochastic rally above 50 level will provide new chance for recording extra gains, to expect its rally towards 176.95, as surpassing this barrier will extend the trading towards the next target at 177.45, while the price decline below 175.20 and providing negative close might force it to form bearish corrective trading before reaching any suggested target.

 

The expected trading range for today is between 175.40 and 176.95

 

Trend forecast: Bullish