The EURJPY pair kept its stability above the breached bullish channel’s resistance, which forms an extra support at 172.10, forming a new bullish rally and its fluctuation near 173.00 level.

 

Note that monitoring the price behavior after achieving the target at 173.40, due to the continuation of stochastic contradiction by its fluctuations below 80 level, and surpassing this level is important to reinforce the chances for resuming the bullish attack and reaching new positive stations that might extend to 173.85 and 174.40, while activating the bearish correctional track requires a sharp decline to settle below 172.00.

 

The expected trading range for today is between 172.10 and 173.85.

 

Trend forecast: Bullish