The EURJPY pair formed an intraday negative rebound yesterday, to test the support at 128.65 then bounces higher achieving 129.28 level, and the continuation of the support stability will make the bullish scenario valid until reaching the critical resistance at 129.75, monitoring the price behavior is important to detect the main trend in the upcoming trading.
The continuation of stochastic fluctuation near 80 level increases the chances for gaining new positive momentum, which allows it to reach the waited target.
Expected trading range for today is between 128.80 and 129.75
Expected trend for today: Bullish.