The EURJPY pair provided new positive signal by getting positive close above 127.80 level, to move into new positive range as appears on chart, which allows us to keep our bullish overview and expect to renew the bullish attack and attempt to reach 50% Fibonacci level at 129.80.
We should note that stochastic success to exit the overbought areas might postpone the bullish attempts and move to build correctional bearish bias until testing the initial support at 126.30, to form the starting point to build new bullish attack.
Expected trading range for today is between 127.80 and 129.80
Expected trend for today: Bullish