The EURJPY currency pair embarked on a fresh series of bullish movements recently, signaling its renewed push for higher ground. Notably, the pair displayed fluctuations around the 159.20 level, emphasizing the significance of breaching this barrier and maintaining its position above it. This achievement would pave the way for further advancements towards positive milestones, notably around the 159.80 mark. The subsequent key objective rests at 160.55.
Additionally, the level of 158.00 continues its efforts to serve as additional support, while the stochastic indicator exhibits a tendency to approach the 80 level. These factors contribute to building positive pressures on the price trajectory. Traders are encouraged to await the realization of the suggested targets.
The projected trading range for the present day stands between 158.55 and 159.80.
Anticipated Trend for the Day: Bullish