The EURJPY pair failed until this momentum by breaching the barrier at 186.00, forcing it to form mixed sideways trading, to fluctuate near 185.50 level, affected by the continuation of the main indicators’ contradiction, especially by stochastic exit from the overbought level.

 

The stability of the support level at 184.85 makes us wait for gathering extra positive momentum, to reinforce the chances of holding above the mentioned barrier, to begin targeting several stations by reaching 186.65 and 187.10, while breaking the support and holding below it will support the dominance of the bearish corrective trend, to expect targeting 184.20 and 183.70 initially.

 

The expected trading range for today is between 185.20 and 186.00

 

Trend forecast: Sideways