The EURJPY pair remains affected by the dominance of sideways movement due to the continued conflict between the main indicators. The pair continues to fluctuate within the temporary sideways range, with resistance holding at the 185.50 level, while the stability of support at 184.20 is preventing the activation of a bearish corrective move.
Based on the above, we will maintain a neutral stance until the price surpasses one of the key levels. It is worth noting that a successful break below the current support and stability beneath it would open the way toward several corrective targets, which may begin at 183.55 and then 182.85.
The expected trading range for today is between 184.20 and 185.50
Trend forecast: Neutral
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