Despite the stability of the EURJPY pair’s stability until this momentum within the levels on the bullish channel, but there are several negative factors that began from providing negative momentum by stochastic, and the stability below 172.00 that forms an important obstacle against the bullish trading, these factors help to confirm the dominance of the bearish correctional track, to keep waiting for targeting the initial support at 170.45, and breaking it will force the price to suffer new losses by reaching 169.45.

 

While regaining the bullish bias requires forming strong bullish rally, to step above 172.00, attacking the resistance at 173.40 to find an exit to achieve new gains in the upcoming period trading.

 

The expected trading range for today is between 170.45 and 172.60

 

Trend forecast: Bearish