The EURJPY pair declined slightly in the last intraday levels, amid the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, to gain bullish momentum that might help it to recover and rise again, amid the dominance of the main bullish trend and its trading alongside supportive trend line, and there is continued dynamic support due to its trading above EMA50, reinforcing the chances of its recovery in the upcoming perio.

 

Therefore, our expectations suggest a rise in the upcoming intraday trading, especially when breaching the key resistance at 181.90, targeting its next resistance at 183.00.

 

The expected trading range for today is between 180.75 and 183.00

 

Trend forecast: Bullish