Expected Scenarios
- Despite recent weak trades, the EURJPY pair shows frequent stability above the MA55.
- MA55 forms additional support now at 163.70.
- Stochastic attempt to provide positive momentum.
- Keeping bullish overview on near-term and medium-term basis.
- Targeting 164.85 level soon, followed by reaching the next main target at 165.30.
Expected Range for Today
The expected trading range for today is between 163.80 and 164.85.
Trend Forecast: Bullish