The EURJPY pair benefited from the positive stability above 184.10 support, forming several bullish waves, achieving some gains by reaching 185.55 level, facing %61.8 Fibonacci correction level, which forces it to decline directly towards 184.90.

 

The current decline will not threaten the attempt of activating the bullish trend, depending on the stability of the mentioned support, therefore, we will keep waiting for gathering extra bullish momentum to ease the mission of reaching 185.85, and surpassing this barrier will extend the trading towards achieving extra gains that begin at 186.20 and 186.60.

 

The expected trading range for today is between 184.60 and 185.85

 

Trend forecast: Bullish