The EURJPY pair has confirmed its bullish momentum after breaking through the 157.25 resistance level. This move has led to significant gains, with the pair currently trading around 159.20.
Looking ahead, we expect 157.25 to act as new support, while the stochastic indicator provides additional positive momentum. This could trigger a further rally, with the next target set at the 160.20 resistance level.
For today, the expected trading range for EURJPY is between 157.80 and 160.20.
Trend Outlook: Bullish
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