Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes stability of the main bullish channels support line at 164.10 to initiate a bullish attack, rallying strongly towards 166.40. Successful achievement of previously awaited major targets. Scenario 2: Sideways Trades Stochastic indicators exit from overbought areas might lead to formation of sideways trades. Testing of MA55 at 165.65 anticipated, followed by waiting for additional positive momentum. Mission to jump above 166.65 level and reach further stations at 166.90 and 167.30. Trading Range Expected range for today: 165.75 - 166.90

Trend forecast: Bullish