The EURJPY currency pair is demonstrating signs of positivity, maintaining stability in recent sideways trading around the 163.00 level. The consistent support above the 161.60 mark strengthens the bullish outlook, as traders await confirmation of a breakout above the 163.60 resistance level. Such a move could pave the way for potential gains extending towards the 164.30 and 164.80 levels.
Additionally, stochastic indicators are reflecting positive momentum, fluctuating near the 80 level, which further supports the bullish perspective and reinforces the expectation of achieving the previously suggested targets.
Today’s anticipated trading range is set between 162.45 and 163.60.
Trend Forecast: Bullish
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