The EURJPY pair failed to breach the barrier at 185.80, forcing it to provide negative trading, to reach %50 Fibonacci corrective level near 184.85, to begin forming sideways trading to reinforce the chances of gaining extra positive momentum.

 

Reminding you that the bullish scenario will remain valid, depending on the continuation of forming main support at 184.20 level, making us keep the bullish scenario by the attempt of targeting 185.30 level, to repeat the attempts of pressing on the previously mentioned barrier, while breaking the main support and holding below it will confirm its move to the negative trend, forcing it to suffer several losses by reaching 183.70 initially.

 

The expected trading range for today is between 184.600 and 185.80

 

Trend forecast: Bullish