The EURJPY pair recently touched the 156.18 level, forming solid support and marking the start of a correctional bullish rally towards 157.72. Stochastic indicators are now providing positive momentum, reinforcing the bullish outlook. As a result, the price is expected to move towards key resistance levels at 158.00 and 158.90.
The expected trading range for today is between 156.80 and 158.00.
Trend Forecast: Bullish