The EURJPY pair rallied upwards strongly to surpass the waited positive targets and settle above 38.2% Fibonacci correction level at 122.40, to confirm its preparation to resume the bullish attack in the near term and medium term period.
Also, stochastic reach to the overbought areas eases the mission of gathering new positive momentum to manage to continue rising until reaching 122.95 and 123.50 levels.
The expected trading range for today is between 122.05 and 123.50
The expected trend for today: Bullish