Despite the continuous sideways trades provided by the EURJPY pair recently, its frequent consolidation above 126.00 that forms the extension of the bullish channel’s support line confirms the continuation of the positivity for the upcoming period.
Therefore, we will keep waiting to gather the additional positive momentum to ease the mission of forming strong bullish waves to target 127.50 and 128.25 levels.
The expected trading range for today is between 126.00 and 127.50
The expected trend for today: Bullish