The EURJPY pair experienced a boost in positive momentum recently, reaching the 158.65 level before retracing slightly to settle at around 158.00.
This bullish move is well-supported by the stability within the bullish channel, with its support line located at 156.40. Additionally, there is additional support at 157.00. These factors indicate the potential for a strong bullish attack, with an initial target at the 159.20 resistance level. A successful breach of this level could pave the way for further advances, with potential stations at 160.60 and 161.25.
The expected trading range for today is anticipated to be between 157.60 (support) and 159.20 (resistance).
The expected trend for today is bullish.