Despite the weakness of the EURJPY pair last trading, the continuation of providing bullish momentum by the main indicators assisted in reinforcing the chances of forming bullish waves, to target 183.60 level, then to settle below %50 correction level at 183.40.

 

 We recommend waiting for providing a new positive close above 183.40 level, to confirm its readiness to record some gains by its rally towards 184.00 and 184.25, while the failure to breach it might force the price to form new bearish waves, attempting to reach towards 182.60 then press on the extra support at 182.00.

 

The expected trading range for today is between 182.70 and 184.00

 

Trend forecast: Bullish