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EUR/JPY Technical Analysis: The Pair Tends Towards Positivity

The EUR/JPY pair has shown a new close above the sideways track support line at 157.00, indicating the formation of some bullish waves and achieving positive gains by reaching 158.45.

Major indicators are starting to show positive momentum, increasing the likelihood of an attack on the 158.90 resistance line. This move aims to regain the bullish bias and settle within the bullish channel. The expectation is to target new positive levels, starting at 159.45 and potentially reaching 160.35.

The expected trading range for today is between 157.50 and 158.90.

Expected Trend for Today: Bullish