The EURJPY pair repeated providing sideways trading since yesterday, due to the contradiction between the main indicators, to keep its stability near 183.45, taking advantage of forming extra support at 182.70 level.

 

In general, the stability above the main bullish channel’s support at 182.15 makes us wait for gathering bullish momentum to allow it to surpass 184.00 barrier, to confirm its readiness to record extra gains that might begin at 184.55 and 184.85.

 

The expected trading range for today is between 182.80 and 184.00

 

Trend forecast: Bullish