The EURJPY pair formed new bullish channel recently to confirm the affection by the bullish bias domination, while the main support line consolidation at 128.65 besides the price stability above 38.2% Fibonacci correction level at 128.85 reinforce the continuation of the positivity, to expect targeting 129.65 followed by 130.20 levels in the near term period.
Stochastic success to reach the overbought areas agrees the bullish overview by providing the required positive momentum to resume the suggested targets.
Expected trading range for today is between 129.20 and 129.65
Expected trend for today: Bullish