The EURJPY pair failed to hold above 131.00 level, to be forced to provide clear negative rebound as appears on the chart and settles around 130.50, but the stability above the key support at 129.30 confirms the continuation of the positivity for the upcoming trading and wait to gather new positive momentum to renew the attempts to achieve more gains by rallying towards 131.60 followed by 132.20.
Stochastic exit from the overbought areas assists to renew the attempts to gain the positive momentum along with confirming the major condition, represented by the stability of the mentioned key support.
Expected trading range for today is between 130.00 and 131.60
Expected trend for today: Bullish