The EURJPY pair ended the recent negative attack by holding above the major support at 155.30, to notice reacting to stochastic attempt to exit the oversold areas by forming bullish wave and settle near 156.60.

 

The frequent stability above the mentioned support allows us to suggest the correctional bullish track to attempt to provide strong pressures on 157.25 barrier, while surpassing it will push the price to decrease its losses by rallying towards 158.50, while facing new negative pressures and crawling below 155.30 will confirm its preparation to resume the negative attack, to expect targeting the historical support at 154.40.

 

The expected trading range for today is between 155.80 and 157.25

 

Trend forecast: Bullish