The EURJPY pair began activating with the main indicators’ positivity, to end the bearish corrective attempts after hitting 183.40 level, which represents an extension for the main bullish channel’s support.

 

Note that renewing the bullish attack requires surpassing extra barrier at 184.40, therefore, we expect the price confinement within these levels until breaching the barrier, to begin recording clear gains by its rally towards 184.85 and 185.40.

 

The expected trading range for today is between 183.40 and 184.10

 

Trend forecast: sideways