The EURJPY pair failed to breach the barrier near 185.55, forcing it to delay the bullish rally and activating the attempts of gathering gains by reaching below 184.85, to approach from %78.2 Fibonacci correction level at 184.10.

 

The contradiction between the main indicators confirms the dominance of the sideways bias, to keep providing mixed trading until gathering bullish momentum, to ease the mission of stepping above 184.85, then wait for targeting 185.50, we should note that the price decline below 184.10 and providing negative close will increase the efficiency of the bearish corrective track, to expect targeting the next support near 183.40.

 

The expected trading range for today is between 184.05 and 184.85

 

Trend forecast: Fluctuated within the bullish track