The EURJPY currency pair recently approached its additional negative target at 155.10 but has since responded positively, driven by a bullish correction as indicated by stochastic indicators. The pair has managed to settle above the historical support level of 156.40 and currently stands at 157.35.
Ongoing stability above this support level suggests the potential for further bullish corrections. We anticipate the pair to move towards the next resistance level at 158.00, with the possibility of advancing further to test the additional barrier at 159.60.
The expected trading range for today is between 156.60 (support) and 158.00 (resistance).
Trend Forecast: Bullish
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