Despite the EURJPY pair’s price being affected yesterday by the dominance of the sideways bias and providing mixed trading, but its stability above the bullish channel’s support at 182.20 represents a main factor to confirm the bullish scenario of the upcoming trading, therefore, we will keep waiting for gathering positive momentum, to ease the mission of surpassing the barrier at 184.00, then begin recording new gains by reaching 184.55 and 184.85.

 

Note that the price attempt to settle below the mentioned bullish support will cancel the bullish scenario, to expect forming bearish corrective waves, to target 181.55 and 180.40 initially.

 

The expected trading range for today is between 182.80 and 184.00

 

Trend forecast: Bullish