Despite the EURJPY pair’s consolidation within the bullish channel and settling above 126.60 barrier recently, we notice slow bullish attempts due to the lack of the positive momentum until this moment.
Therefore, we will keep waiting to gather the positive momentum, assuring the importance of fluctuating above 126.60 to increase the chances of moving towards the main positive stations around 127.40 followed by 128.30 extended resistance.
The expected trading range for today is between 126.50 and 127.40
The expected trend for today: Bullish