The EURJPY pair ended its rally above 166.40 level, to notice recording some extra gains by hitting 167.70 level, taking advantage of its main stability with the bullish channel’s levels besides stochastic attempt to provide extra positive momentum by its fluctuation near 80 level.

Therefore, we will keep our bullish scenario, which targets 168.20 level reaching to the resistance of the bullish channel at 169.45, to form the main target of the current period trading.

The expected trading range for today is between 166.75 and 168.20

Trend forecast: Bullish

The price of (ETHUSD) rose in its recent intraday trading, attacking the current resistance level at $2,545, attempting to get rid of the negative pressure of the EMA50, and the last rise came supported by the positive signals emerging on the (RSI), amid the dominance of the sideways bias on the short-term basis, which created confused trading.

The price of (BTCUSD) soars high in its recent intraday trading, approaching our morning target by testing the resistance level of $106,500, supported by the emerging of the positive signals on the (RSI), attempting to surpass the negative pressure of the EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, reinforcing the positive scenario on its futuristic moves.

The price of (Brent) rose in its last intraday trading, due to the stability of the critical support at $74.70, gaining more of the positive momentum with the continuation of the dynamic support that is represented by its trading alongside a minor bullish trend on the short-term basis, reinforcing its move above its EMA50, and the price succeeded in offloading its clear overbought conditions on the (RSI), providing bigger space for achieving more of the gains.