The EURJPY pair faced stochastic negativity by providing new bullish close above 179.30 level, forming extra support for the bullish attempts, waiting for gathering extra momentum to ease the mission of surpassing 180.60 level, to confirm the continuation of the bullish scenario, to expect its rally towards 180.95 reaching the next main target at 181.55.

 

The risk of delaying the bullish attack is represented by the attempt of breaking 178.60 level, which forces it to activate the bearish corrective track, and forcing it to suffer some losses by reaching 177.65 and 177.05.

 

The expected trading range for today is between 179.30 and 180.60

 

Trend forecast: Bullish