The EURJPY pair surrendered to the contradiction of the main indicators by forming some bearish corrective waves, to gather some gains by reaching 186.30, to rally towards 186.90 to test the broken support.
Stochastic approach from 50 level we expect renewing the corrective attempts, to reach 186.00 and 185.75, while renewing the bullish attempts requires stepping above 187.50 and providing a daily close above it, to confirm targeting new positive stations that might begin at 188.35 and 188.80.
The expected trading range for today is between 186.00 and 187.20
Trend forecast: Bearish
The GBPJPY pair surrendered to stochastic negativity in Friday, forcing it to delay the bullish rally, forming bearish corrective waves, to test the initial support level at 214.19, to settle above it.
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