The EURJPY pair kept its stability within the bullish trend by its stability above 183.15 level, attempting to take benefit from stochastic positivity, by reaching 183.95 level. The current bullish momentum might help it to form strong bullish rally, to expect reaching 184.30 level, to face the moving average 55, and surpassing it will extend the trading towards recording extra gains that begin at 184.85 and 185.45.

 

The price failure in surpassing the moving average 55 will increase the chances of forming intraday negative waves, which force the price to suffer some losses by reaching 183.25 and 182.85 before any attempt to record any of the suggested bullish targets.

 

The expected trading range for today is between 183.45 and 184.30

 

Trend forecast: Bullish