The EURJPY pair didn’t move any thing since yesterday’s trading, to keep fluctuating below the barrier at 169.85 due to its neediness to the positive momentum, but the main stability within the bullish channel’s levels and the continuation of forming extra support at 168.05 level, these factors make us keep the bullish suggestion to keep waiting for gathering extra positive momentum, to ease the mission of breaching the barrier and reaching the next main target near 170.65.

 

Note that the decline below the mentioned extra support will force it to activate the bearish correctional track, which forces it to suffer several losses by reaching 167.55 followed by the next support at 166.40 level.

 

The expected trading range for today is between 168.70 and 170.55

 

Trend forecast: Bullish