The EURJPY pair began new positivity this morning by its rally towards 186.22, but its neediness to negative momentum that pushed it to retest 184.85 level, to begin forming sideways waves as appears in the above image.

 

In general, we will keep preferring the bullish bias by the stability of the trading within the bullish channel’s levels and its main support settles near 183.40, therefore, we recommend waiting for gathering bullish momentum in the near period, reinforcing the chances of reaching 186.85, and surpassing it will form next main target at 187.75 in the upcoming trading.

 

The expected trading range for today is between 184.90 and 186.85

 

Trend forecast: Bullish