No news for the EURJPY pair until this moment to form weak sideways trading by holding near 185.75 due to the continuation of the main indicators’ contradiction, besides the stability of 186.05 barrier against the attempts of resuming the bullish trend.

 

Therefore, we recommend waiting for the required breach to confirm its readiness to recover new gains that might begin at 186.65 and 187.30, while holding below the barrier might force it to form some bearish corrective trading, to target 184.80 and 184.20 level.

 

The expected trading range for today is between 185.45 and 186.65

 

Trend forecast: Bullish