The pair achieved a breach above 154.25 as we expected to rally higher approaching from 155.00, supporting our previous expectation to achieve the initial target around 155.30 and then 157.00 in the near period.
Stochastic breaches 80 level to settle in the overbought level to provide the required support for the bullish bias to reach the previously mentioned targets.
Expected trading range is between 154.20 and 156.00
Expected trend for today: bullish