The EURJPY pair touched 161.18 level followed by declining below 160.25 barrier again due to the continuous contradiction between the major indicators to force it to postpone the bullish rally for now.

 

The price might continue to provide mixed trades until confirming breaching the mentioned barrier to reinforce the chances of achieving new gains that might extend towards 161.65 and 162.40 levels first, while declining below 159.00 will force it to suffer big losses by crawling towards 157.90 and 157.30 levels.

 

The expected trading range for today is between 159.20 and 160.25

 

Trend forecast: Sideways