The EURJPY pair didn’t succeed in reaching the extra positive stations, affected by its neediness to the positive momentum, which forces it to settle below the barrier at 175.20, forming correctional waves by its stability near 174.65.

 

We expect providing mixed trading due to stochastic attempt to exit the overbought level, but it didn’t affect the main bullish trend, due to the stability of the trading within the bullish channel levels, by forming 173.45 level as an important extra support, therefore, we recommend waiting for breaching the barrier, to open the way for reaching extra positive stations, that are located near 176.00 reaching 176.95.

 

The expected trading range for today is between 174.20 and 175.20

 

Trend forecast: Sideways