The EURJPY pair kept its stability above 128.40 support line recently, to increase the chances of forming strong bullish trades in the near term and medium term period, expecting to get strong positive pressure on 129.25 barrier, assuring that surpassing it will ease the attempt to record new targets by reaching 129.70.
Stochastic renews the bullish attempts and settles above 50 level, to assist to confirm the bullish overview by providing new positive momentum and wait to achieve the required breach.
Expected trading range for today is between 128.80 and 129.70
Expected trend for today: Bullish