The EURJPY pair continued providing weak sideways trading, fluctuating near the extra support at 182.80, affected by the continuation of the main indicators besides forming extra obstacle at 183.50 level as appears in the above image.

 

Therefore, we will remain neutral until providing signal for detecting the main trend in the near and medium trading, while breaking the current support and providing negative close will confirm the bearish corrective trend, which might target 182.30 and 181.75 level initially, while breaching 183.50 level will ease the mission of detecting the bullish attempts, to expect its rally towards 183.85, to attack the broken channel’s support in order to find an exit for regaining the bullish trend again.

 

The expected trading range for today is between 182.80 and 183.50

 

Trend forecast: Neutral