The EUR/JPY currency pair has resumed an upward trajectory, breaking through the resistance level at 159.05. This move has propelled the pair toward 160.00, marking notable gains in recent trading sessions.
The 159.00 level is now acting as additional support, bolstered by stochastic indicators signaling positive momentum. This alignment strengthens expectations for further bullish movement, with potential targets at 160.60 and 161.10 in the near term.
Trading Outlook
For today, the anticipated trading range for EUR/JPY is set between the support level of 159.10 and the resistance level of 160.60.
Trend Prediction: Bullish.
Traders should watch for sustained positive momentum and key price levels to confirm the strength of the upward trend.
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