The EUR/JPY pair took advantage of the frequent positive pressures to cancel the negative track by providing a new positive close above 161.90. They noticed additional gains by moving towards 162.20.

Also, a stochastic crawl towards the overbought areas will increase the chances of gathering additional positive momentum, allowing us to wait to achieve additional gains by surpassing 162.35 resistance to settle within the bullish channel and ease the mission of recording big gains that might start at 162.70.

The expected trading range for today is between 161.80 and 162.70.