The EURJPY currency pair has recently resumed mixed sideways trading activity, characterized by fluctuation below the significant resistance level at 159.20. Currently, it’s hovering near the 157.60 level. An additional support has been identified at 157.10, and its strength will play a pivotal role in increasing the likelihood of initiating fresh upward movements.
These potential uptrends could renew the pressure on the previously mentioned resistance at 159.20. If successfully breached, this could lead to extended trades towards 159.70, followed by a push towards the main target at 160.50.
The anticipated trading range for today is situated between 157.40 and 159.20, and the overall trend expectation remains bullish.