The EURJPY pair continued to provide weak sideways trading in Friday, affected by the continuation of forming 50%Fibonacci correction level at 183.40 barrier, while the current support settles near182.00 level, its stability decelerates the attempts of resuming the negative attack.

 

The contradiction of the main indicators makes us stay neutral for today and monitor the price behavior until surpassing one of these levels, so breaching the barrier will allow it to record some extra gains, to expect forming initial negative target at 181.55 level. 

 

The expected trading range for today is between 182.00 and 183.00

 

Trend forecast: Neutral