Analysis - 12-9-2023: The EURJPY varies within the bullish trend.

The EURJPY pair overcame the downside forces, maintained the majority of its stability within the bullish channel's levels, and bounced off the level of 156.60 to land close to 157.60.

To confirm the optimistic scenario, we will rely on the bullish channel's support at 156.00 remaining stable. If it does, we can anticipate the bullish scenario to gather speed in the near term, with a target price of 158.55, before applying more pressure to the 159.60 barrier.

Today's anticipated trading range is between 157.00 and 158.55.

Today's anticipated trend is bullish.