The EURJPY pair has achieved a robust bullish rally, surpassing the 163.10 level and attaining new gains as it moved towards 163.90, settling in close proximity to this mark as indicated on the chart.
The steadfast presence within the confines of the bullish channel, coupled with the additional positive momentum indicated by major indicators, augments the likelihood of attaining further positive milestones. These may commence at 164.25, followed by endeavors to reach the subsequent primary target at 164.65.
For today’s trading, the anticipated range is expected to fluctuate between 163.50 and 164.25.
The prevailing trend for the day is foreseen as bullish. Traders are advised to stay attentive to potential market developments that may impact the trajectory of the EURJPY pair.