The EURJPY pair surrendered to the positivity of the main indicators, specifically, stochastic approach from 80 level, to force it delay the bearish corrective attempts and form some positive waves to settle near 185.10.
The current bullish rally will not form any threaten on the negative scenario, depending on the continuation of forming main barrier at 185.80, which makes us wait for gathering negative momentum again, to attack the obstacle near 184.30, where breaking it will extend the trading towards 183.50 reaching the main target at 182.75.
The expected trading range for today is between 184.30 and 185.40
Trend forecast: Bearish
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The GBPJPY pair surpassed the dominance of the temporary sideways trend by forming new bullish waves, to attack the main barrier at 214.50, to settle near it as appears in the above image. The suggested scenario in the near and medium trading depends on the stability of the current barrier, to expect forming bearish corrective waves to target 213.50 initially, then attempts to press on 212.75 barrier.
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