The EURJPY pair repeated the mixed trades by fluctuating within the temporary sideways track represented by 126.70 resistance and 125.75 support, thus, we will stay neutral until surpassing one of these levels to manage to detect the main targets for the near term and medium term trades.
We remind you that succeeding to breach the current barrier and holding above it will allow the price to resume the bullish attack to target 127.00 initially followed by extending trades towards 127.60 that represents the extension of the bullish channel’s resistance that appears on the chart.
The expected trading range for today is between 125.80 and 126.70
The expected trend for today: Neutral