Overview

The EUR/JPY pair showed a clear bullish trend by rallying towards 125.50 recently. The pair aims to keep the positive stability above 124.40 support. This increases the chances of recording new targets in the near term and medium term. Thus, we will keep waiting until the 126.15 barrier is surpassed followed by moving strongly towards 127.30 and 128.50 for today. Stochastic continues to support the positive attempts to settle within the overbought areas. This gives the price a fresh impetus that eases the attempt to surpass the current barrier and reach the previously suggested targets. The expected trading range for today is between 124.40 and 126.15