The EUR/JPY pair seems poised to continue its bullish assault, as it consistently consolidates above the supplementary support at 145.65, leading to the formation of new positive waves and reaching the 147.45 level.

Furthermore, the ongoing oscillation of the stochastic indicator within the overbought territory enhances the bullish trajectory, keeping us on the lookout for new targets upon surpassing the 147.70 level. The subsequent primary target for bullish trades will be at 148.40.

The anticipated trading range for today is between 146.65 and 147.70.

EURJPY

EUR/JPY  Trade Idea

Entry Price – Buy Above 147.30

Stop Loss – 146.87

Take Profit – 148.20

Risk to Reward – 1 : 1.6

Profit & Loss Per Standard Lot = +$667/ -$311

Profit & Loss Per Micro Lot = +$66/ -$31

JOIN LONGHORNFX TODAY

24/7 live support, lightning fast withdrawals, guaranteed safe and reliable trading platforms with a true ECN broker.

OPEN A NEW ACCOUNT