The EURJPY currency pair is poised for an upward trajectory, having consistently validated its bullish aspirations by logging frequent positive closures within the primary bullish channel. Currently, it nears its initial target at 158.45.
It is imperative to underscore that the consistent stability above the supplementary support at 157.00 has been influenced by additional positive signals from the stochastic indicator. These combined factors bolster the outlook for further bullish endeavors, with an imminent attempt to secure additional gains by aiming for the 159.20 level. Beyond this juncture, the subsequent primary target stands at 160.60.
For the present trading session, the projected trading range is expected to oscillate between the support level at 157.60 and the resistance level at 159.20.
In summation, the EURJPY currency pair appears primed for an ascent, substantiated by its persistent adherence to the bullish channel and the encouraging signals from the stochastic indicator. These dynamics bolster the case for additional bullish advances, with immediate objectives set at 158.45 and 159.20, followed by the ultimate aim of reaching 160.60.