The EURJPY pair failed to regain the bullish bias, affected by the strength of the extended resistance at 165.10, which forces it to form quick negative rebound, to settle near 164.65.

Stochastic sharp decline towards 20 level will decelerate the attempt of renewing the bullish track, to expect an unstable trading between the mentioned resistance and the initial support level near 164.30, therefore, we recommend the neutrality for today, waiting for surpassing one of these levels, to confirm the main trend in the upcoming trading.

The expected trading range for today is between 164.35 and 165.55

Trend forecast: Bullish