The EURJPY pair continued the bullish rally yesterday, taking advantage of 163.75 level forming additional support, to notice achieving big gains by touching the target at 165.30 followed by forming some mixed trades in order to gather the additional positive momentum again.
We recommend to monitor the price behavior until breaching 165.30 barrier to open the way to resume the bullish attack that might target 165.80 level on the medium-term basis, followed by reaching the next main target at 166.85.
The expected trading range for today is between 164.40 and 165.85
Trend forecast: Bullish