Overview
The EUR/JPY pair has repeated its fluctuations around 122.35 recently, forming a new support base and limiting the price within the bullish level. Besides, holding the key support at 121.10 confirms price bullish attempts in the upcoming period. The price is likely to reach the first target at 124.60, followed by 126.50 levels that form the second target. We notice stochastic getting rid of the negative level and approaching from 80 level, thus supporting attempt to gather the bullish momentum and reach our awaited targets. The expected trading range for today is between 122.30 and 124.60.