The EURJPY pair has successfully hit correctional targets, touching a low of 163.42 and establishing a new support base. Following this, it rebounded towards the MA55, currently at 164.50.
Stochastic indicators suggest an increase in positive momentum, supporting the potential for a new bullish rally. If the pair surpasses the 165.05 level, it could pave the way for further gains, with targets set at 165.75 and 166.40.
The anticipated trading range for today is between 163.80 and 165.05.
Trend Outlook: Bullish
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