The EUR/JPY currency pair is currently experiencing positive momentum, supported by stochastic stability above the 20 level and the 55-day moving average (MA55) providing bullish support at 159.00. This morning, the pair is rallying towards the 159.90 mark.
Analysts maintain a bullish outlook, emphasizing the importance of surpassing the 160.25 level to facilitate further gains, with primary targets set at 161.10 and 161.65.
Traders can expect today’s price range to be between 159.25 and 161.10.
Trend Forecast: Bullish
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