Despite the weakness of EURJPY pair’s last trading, its stability above 183.15 level confirms the continuation of the previously suggested bullish scenario, to settle near 183.75 level, attempting to gather extra bullish momentum by stochastic stability within the overbought level. 

 

We expect to reach the moving average of 55 level at 184.30, to confirm the importance of surpassing it to open the way for resuming the bullish trend, to begin recording extra gains by its rally towards 184.85, reaching the next target near 185.45.

 

The expected trading range for today is between 183.00 and 184.80

 

Trend forecast: Bullish