Despite facing persistent pressure from major indicators, the EURJPY pair’s stability above the main bullish channel’s support line at 156.85 suggests the possibility of renewed bullish attempts. The pair is currently fluctuating near 157.80.
It is important to emphasize the need to gather positive momentum to resume the bullish attack. The next positive targets are near 158.50, followed by the additional barrier at 159.20.
The expected trading range for today is between 157.20 and 159.20.
Today’s expected trend: Bullish