The EURJPY gathers its strengths – Forecast today – 22-4-2024
Economies.com
2024-04-22 05:20AM UTC
EURJPY Pair Price Analysis
Expected Scenario
- The EURJPY pair started to gain positive momentum since providing many positive closings above the MA55 at 164.00, forming additional support against bullish attempts, which supports rallying towards 165.00.
- Stochastic reaching the overbought areas will increase positive pressures, allowing us to maintain a bullish overview targeting the 165.30 level soon, followed by reaching the next barrier at 165.70.
Expected Trading Range
Between 164.45 support and 165.70 resistance.
Trend Forecast: Bullish
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