The EURJPY pair has begun the day with a strong bullish move, closing above the 160.20 level and pushing higher to settle near 161.15. This indicates a continuation of the positive trend.
Key support is now seen at the 160.20 level, with positive momentum from the stochastic indicator suggesting the pair could soon target the 161.65 resistance. A breakout above this level could pave the way for further gains, with the next key objective at 162.40.
Today’s expected trading range is between 160.25 and 161.60.
Trend Forecast: Bullish
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