EUR/JPY Maintains Bullish Momentum – Forecast for October 16, 2025

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The EUR/JPY pair confirmed the continuation of its bullish trend by closing above the strong support level at 175.20 and advancing towards 176.00.

However, ongoing contradictions among key indicators may lead to some sideways movement. That said, a successful break above the intraday resistance near 176.45 could reinforce the bullish momentum, targeting 177.05 and potentially reaching the previous high at 177.90.

The expected trading range for today is between 175.50 and 176.45.

Trend forecast: Sideways fluctuations within the overall bullish trend.

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