The EURJPY pair hinted ending the negative trading by surpassing the bearish channel’s resistance at 127.30 and providing positive close by reaching 128.05, while we will depend on the breached resistance forming new support to increase the chances of recording new positive targets that start at 128.80 followed by 130.00.
Stochastic reach to the overbought areas assists to confirm building new positive trading by providing new positive momentum and eases the attempt to reach the expected targets.
Expected trading range for today is between 127.30 and 128.80
Expected trend for today: Bullish