The EURJPY pair confirmed the continuation of the bullish scenario by providing new close above the extra support at 175.20 level, forming bullish moves by reaching 176.00.

 

Note that the continuation of the main indicators’ contradiction might force the price to provide new sideways fluctuated moves, but its success in surpassing the intraday barrier near 176.45 might increase the efficiency of the bullish track, to target 177.05 level reaching the achieved top at 177.90.

 

The expected trading range for today is between 175.50 and 176.45

 

Trend forecast: Fluctuated within the bullish track