The EURJPY pair has capitalized on recurring upward pressures, effectively warding off bearish attempts by surpassing the 158.05 resistance barrier. As a result, it has started to secure gains by reaching the level of 158.55.
A critical support level to consider is at 157.10, and it is worth noting that the primary indicators are currently favoring positive momentum. This is likely to enhance the effectiveness of the bullish trajectory and potentially open the door for new positive milestones, starting at 159.20, with the possibility of reaching the recently recorded high at 159.70.
The expected trading range for the day is projected to be between 157.90 and 159.20.
Today’s expected trend: Bullish