“The EUR/JPY pair maintained stability above the key support level at 175.20, attempting to counteract bearish signals from the stochastic indicator. It aims to build sufficient bullish momentum to challenge the 176.45 level, followed by renewed pressure near the initial resistance at 177.05.
However, if the pair faces increased bearish pressure and breaks below the current support, this would likely delay bullish efforts, leading to further corrective declines toward 174.40 and 174.00.
Today’s expected trading range is between 175.20 and 176.50.
Trend forecast: Bullish.”
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