The EURJPY pair succeeded in resisting the negative pressures by its repeated stability above the moving average 55 at 161.40, forming an extra support to notice its rally towards the main barrier at 163.25.

Noting that waiting to breach the current barrier and providing a close above it is important to confirm regaining the bullish scenario, to increase the chances for recording several gains that might begin at 164.10 and 164.80.

The expected trading range for today is between 162.00 and 164.10

Trend forecast: Bullish

Do you need help in trading decisions? Do you want to learn how to start trading?

Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:

Full coverage of commodities such as gold, oil, silver, and more Full coverage of all major forex currency pairs Full coverage of key global indices and stocks Full coverage of major cryptocurrencies and meme coins Accurate analysis and daily updated price forecasts Exclusive and breaking news Reliable trading ranges for effective risk management Comprehensive educational materials, competitions and prizes! Innovative tools to enhance your trading performance Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.

Join Economies.com VIP Club