The EURJPY pair activated negatively with stochastic decline towards the oversold to test the bullish channel’s support at 183.45, attempting to settle above it to keep the bullish trend and begin targeting some bullish stations by its rally towards 184.40, and surpassing it will open the way for reaching the next positive target at 184.90.

 

While facing new negative pressure by reaching below the current support will confirm its surrender to the bearish corrective trend, which forces it to suffer extra losses by reaching 183.10 and 184.90.

 

The expected trading range for today is between 183.50 and 184.40

 

Trend forecast: Bullish