The EURJPY pair continued forming bullish waves, reaching the target at 173.40, forming strong obstacles to force it to form some sideways trading by its stability at 172.80.
Despite the continuation of providing positive momentum, we confirm that waiting to breach the current barrier is important to confirm its readiness to achieve extra gains that might extend to 174.20 reaching the next main target at 175.20, while the failure to achieve the breach will force the price to provide mixed trading with a chance for the price decline temporarily towards 171.30.
The expected trading range for today is between 172.35 and 174.20
Trend forecast: Bullish