The EURJPY pair confirmed regaining the bullish bias by rallying above the bullish channel’s support line at 162.75 yesterday, to notice forming strong positive rally and achieve many gains by reaching 164.60.
We will depend on the attempt of 163.75 level to form the additional support in addition to the continuous positive momentum coming by the major indicators to increase the chances of achieving additional gains that might extend towards 164.90 followed by reaching the next main target at 165.30.
The expected trading range for today is between 164.10 and 164.90
Trend forecast: Bullish