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The EURJPY attempts to renew the positivity– Forecast today – 7-8-2025
AI Summary
- EURJPY pair is attempting to renew positivity by leaning above support at 170.45 and fluctuating above intraday barrier at 171.90
- Stability above 171.90 level is important for resuming bullish attack towards 172.65 and then targeting bullish channel's resistance at 173.80
- Expected trading range for the day is between 171.45 and 172.65 with a bullish trend forecast
The EURJPY pair leaned clearly above the extra support at 170.45, activating with the main indicators, achieving some gains by its fluctuation above the intraday barrier at 171.90.
Noting that the stability of the trading above 171.90 level is important, to reinforce the chances for resuming the bullish attack, to expect the extension of the trading towards 172.65, then targeting the bullish channel’s resistance at 173.80, while the return below 171.90 will force it to form new bearish correctional trading before resuming the suggested targets.
The expected trading range for today is between 171.45 and 172.65
Trend forecast: Bullish
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