The EUR/JPY pair has confirmed its bullish trajectory by successfully breaching the 161.60 barrier, paving the way for substantial gains that could reach as high as 163.45. Stochastic indicators are currently in the overbought territory, suggesting that additional bullish attempts are likely, with a potential target of 164.25 forming as the next key objective for ongoing trades.
The expected trading range for today is between a support level of 162.75 and a resistance level of 164.25.
Trend Forecast: Bullish
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