The EURJPY currency pair has successfully overcome negative pressures, creating a price gap that allowed it to surpass the 164.75 barrier. The pair has since achieved additional gains, reaching approximately 166.05.
Maintaining stability above this breached level, along with positive momentum indicated by key technical indicators, enhances the likelihood of a continued bullish trend. Traders can expect the pair to target the 166.50 level soon, with a subsequent aim for the next resistance at 167.05.
For today, the anticipated trading range for EURJPY is between 164.80 and 166.50.
Trend Forecast: Bullish
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