EURJPY Price Analysis
Expected Scenario
- The EURJPY pair continued to form bullish trades in the previous sessions to notice achieving the waited targets by touching 167.30 level and holding below it, to form additional barrier against the bullish attempts.
- Stochastic exit from the overbought areas might force the price to form sideways trades, with the chance to decline temporarily towards 166.50, while succeeding to breach the current barrier and holding above it will push the price back to the bullish track, to expect targeting 167.60 and 168.25 levels direct.
Expected Trading Range
Between 166.50 and 167.30
Trend Forecast: Bullish