The EURJPY currency pair has reaffirmed its bullish bias as evidenced by its consistent position within the confines of the bullish channel. Notably, it has maintained an advantageous stance above the supplementary support level at 157.00, and has recently exhibited upward momentum, surging towards 158.35.
With the stochastic indicator situated above the 20 level, signaling the presence of positive momentum, the likelihood of further gains increases. As such, there is an anticipation of progress towards the higher level at 159.20. A successful breach of this point would extend the trajectory towards the subsequent primary target at 160.60.
The projected trading range for the present day is expected to span between 157.70 and 159.20.
Overall, the prevailing trend for the day remains bullish.