The EURJPY pair formed a new bullish attack, taking advantage of the repeated positive pressure, to attack the resistance of the bullish channel’s resistance at 170.60, achieving the suggested target in the previous report.

 

The price might be forced to provide mixed trading due to the strength of the current resistance besides stochastic attempt to exit the overbought level, to increase the chances of activating the attempts of gathering the gains by targeting 169.20 and 168.60 level, while breaching the resistance and holding above it will open the way for recording new gains that might extend to 171.10 and 171.60.

 

The expected trading range for today is between 169.20 and 170.60

 

Trend forecast: Fluctuated within the bullish track