Despite the EURJPY pair's frequent consolidation within the bullish channel, the stability of 134.50 barrier forms clear obstacle against recording more expected positive targets, assuring the importance of achieving the required breach to manage to reach 135.55 reach, while the continuation of the positive pressures might extend trades towards the second main target at 137.00.
The stability of the moving average 55 below the main bullish channel's support at 132.10 confirms blocking the price within the bullish range, also, stochastic attempt to crawl towards the overbought areas will ease the attempt to achieve the breach to confirm targeting the mentioned levels.
Expected trading range for today is between 132.60 and 134.50
Expected trend for today: Bullish