The EURJPY pair experienced a strong bullish rally yesterday, confirming its continued bullish bias. The pair is currently fluctuating near its second target at 161.65, benefiting from its stability above the MA55.
Looking ahead, additional support is expected to form at 160.10, with further positive momentum from the stochastic indicator, which should help maintain the bullish trend. The pair is likely to test the 162.40 resistance level, and the behavior around this level will be closely monitored to determine the next potential direction.
For today, the expected trading range for EURJPY is between 160.80 and 162.40.
Trend Outlook: Bullish
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