The EURJPY pair activated the bullish scenario yesterday by surpassing 157.30 barrier, to notice forming strong bullish rally and achieve the previously suggested targets by reaching 159.20.

 

We expect to form additional support at 158.20, in addition to stochastic positive momentum, which will increase the chances of renewing the bullish attempts, to expect targeting 160.00 level soon, while surpassing it will push the price towards the MA55 as a next target near 160.80.

 

The expected trading range for today is between 158.25 and 160.00

 

Trend forecast: Bullish