The EURJPY has shown signs of a corrective recovery, moving above the 157.30 level and attempting to recoup some of the recent losses. The pair is now targeting a rise toward 158.20.
Leveraging the positivity in the stochastic indicator, the price could make further gains, possibly reaching 158.65. However, a shift toward negative momentum is expected thereafter, with the potential for the pair to revisit lower support levels around 156.60 and 155.50.
The anticipated trading range for today is between 157.00 and 158.60, with the outlook remaining bearish.
Trend Forecast: Bearish
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