Despite the positive factors in the last period, especially unionism between the main indicators besides the stability of the EURJPY pair’s price within the bullish channel’s levels, the continuation of forming extra barrier at 181.70 level reinforces the dominance of the sideways bias in the current trading.

 

Therefore, we will keep waiting for breaching the barrier and providing positive close above it to confirm its readiness to achieve new gains by its rally towards 182.35 initially, reaching the next main target near 183.05.

 

The expected trading range for today is between 180.65 and 182.35

 

Trend forecast: Bullish